Bodal Chemicals stock surged 18 percent early on trade on Monday, March 10, following government's imposition of anti-dumping duty on imports of Trichloro Isocyanuric Acid (TCCA). As of 1:00 pm, the shares of Bodal Chemicals are trading at Rs 66.09 which is at a gain of 16.56 percent.
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Government of India recommended anti-dumping duty to be imposed on imports of Trichloro Isocyanuric Acid (falling under tariff items 2933 69 10 or 2933 69 90 of the First Schedule of the Customs Tariff Act, 1975) originating in or exported from China and Japan.
Bodal Chemicals recently begun its production of TCCA at its Unit 11 in Khambhat, becoming the sole Indian producer of TCCA. This will benefit the company by bringing in additional Rs 10 crore per annum in its total turnover, from FY 2026 onward. Thus, increasing bottom line of the company.
The anti-dumping duty imposed by the Ministry of Finance will be effective for five years, starting March 7, 2025, (unless revoked, amended, or superseded earlier), it said in the exchange filing.
Bodal Chemicals Limited is among India's leading chemical companies. Earlier, last month, the company announced its December-ended quarter results for fiscal year 2025, recording Rs. 436 crore standalone revenue. This was at year-on-year growth of 28 percent.
On the operational front, it reported Earnings Before Interest, Tax, Depreciation and Ammortisation (EBITDA) of Rs 48 crore. It stood at a gain of 69 percent. Meanwhile, its profit reached Rs 7.3 crore, reflecting a 905 percent rise year-over.
The company's strong earnings for the quarter under review was driven by higher volumes and revenue achieved by its divisions, in particular, across its dye intermediates and caustic soda.
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