Bhansali Engineering Polymers Ltd., a polymer and other allied products manufacturer based in India announced its results for the second quarter ended September 30, 2020.
Q2 Results- QoQ
The company’s net profit grew 2672.5% to Rs 35.5 crores ($4.9 million) for the period ended September 30, 2020 as against net loss of Rs 1.38 crores ($0.19 million) for the previous quarter.
Net sales increased 197.3% to Rs 309.54 crores ($42.3 million) during the period ended September 30, 2020 as compared to Rs 104.13 crores ($14.2 million) during the previous quarter.
Q2 Results- YoY
The company’s net profit increased 74.4% to Rs 35.5 crores ($4.9 million) for the period ended September 30, 2020 as against net profit of Rs 20.36 crores ($2.8 million) for the prior-year quarter.
Net sales grew 11% to Rs 309.54 crores ($42.3 million) during the period ended September 30, 2020 as compared to Rs 279.09 crores ($38.2 million) during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit declined 19.6% to Rs 34.11 crores ($4.7 million) for the 6 months period ended September 30, 2020 as against net profit of Rs 42.41 crores ($5.8 million) for the prior-year 6 months period.
Net sales dropped 31% to Rs 413.67 crores ($56.6 million) during the 6 months period ended September 30, 2020 as compared to Rs 597.69 crores ($81.7 million) during the prior-year 6 months period.