Camlin Fine Sciences, reeling from high material costs in Q3, saw its net profits fall from Rs. 10.5 crore in Q3 last year to losses of Rs. 3.55 crore for the current Q3 ending December 31, 2016.
The company had recently acquired a 51% stake in the Chinese firm Ningbo Wanglong, to boost the manufacture of vanillin and other fragrance and flavor products.