Vinati Organics Ltd., an Indian specialty chemicals manufacturer has reported its financial results for the period ended March 31, 2020.
Q4 Results
For the quarter, the company has posted a net profit of Rs 74.62 crores ($9.9 million), a 9.6% decline as against Rs 82.52 crores ($10.9 million) during the prior-year quarter.
Net sales declined by 14.8% to Rs 261.55 crores ($34.6 million) for the quarter ended March 31, 2019 as compared to Rs 306.88 crores ($40.5 million) during the prior-year quarter.
Full-Year Results
The company’s net profit rose 18.2% to Rs 333.82 crores ($44.1 million) for the full-year period ended March 31, 2020 as against Rs 282.48 crores ($37.3 million) for the full-year period ended March 31, 2019.
The company has reported net sales of Rs 1073.86 crores ($141.9 million) during the full-year period ended March 31, 2020, a 7.3% decline as compared to Rs 1158.09 crores ($153 million) during the full-year period ended March 31, 2019.
The company has reported EPS of Rs 32.48 ($0.43) for the full-year period ended March 31, 2020 as compared to Rs 27.48 ($0.36) for the full-year period ended March 31, 2019.
The Company said that its internal evaluation on the impact of COVID-19 pandemic on its business operations revealed no significant impact on its financial results.