Alufluoride Reports 25.1% Growth in Net Profit for FY19-20

Alufluoride Ltd., a aluminum fluoride manufacturer based in India has reported its financial results for the period ended March 31, 2020.

Q4 Results

The company’s net profit rose 55.8% to Rs 2.29 crores ($0.3 million) for the period ended March 31, 2020 as against Rs 1.47 crores ($0.2 million) for the period ended March 31, 2019.

Net sales increased by 3.1% to Rs 17.20 crores ($2.3 million) during the period ended March 31, 2020 as compared to Rs 16.69 crores ($2.2 million) during the period ended March 31, 2019.

Full-Year Results             

The company’s net profit rose 25.1% to Rs 10.33 crores ($1.4 million) for the full-year period ended March 31, 2020 as against Rs 8.26 crores ($1.1 million) for the full-year period ended March 31, 2019.

The company has reported net sales of Rs 76.88 crores ($10.2 million) during the full-year period ended March 31, 2020, an increase of 13.8% as compared to Rs 67.54 crores ($8.9 million) during the full-year period ended March 31, 2019.

The company has reported EPS of Rs 13.43 ($0.2) for the full-year period ended March 31, 2020 as compared to Rs 10.56 ($0.14) 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 showed no significant impact on its financial results.