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Bhansali Engineering Polymers reports 33% fall in Q2 net profit

Bhansali Engineering Polymers has reported results for second quarter ended September 30, 2018.

The company has reported 32.71% fall in its net profit at Rs 16.89 crore for the quarter under review as compared to Rs 25.10 crore for the same quarter in the previous year. However, total income of the company increased by 40.13% at Rs 350.32 crore for Q2FY19 as compared Rs 249.99 crore for the corresponding quarter previous year.

Bhansali Engineering Polymers is a vertically integrated petrochemical company that manufactures ABS, which acts as a raw material for leading companies dealing in automobiles, home appliances, telecommunications, luggage, bus body and various other applications.

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