Bodal Chemicals Ltd., a chemical manufacturer based in India announced its results for the quarter and financial year ended March 31, 2020.
Q4 Results
The company’s net profit decreased 7.8% to Rs 27.22 crores ($3.6 million) for the period ended March 31, 2020 as against net profit of Rs 29.52 crores ($3.9 million) during the prior-year quarter.
Net sales rose 5.8% to Rs 372.15 crores ($49.5 million) during the period ended March 31, 2020 as compared to Rs 351.64 crores ($46.8 million) during the prior-year quarter.
Full-Year Results
The company’s net profit dropped 38.7% to Rs 86.35 crores ($11.5 million) for the full-year period ended March 31, 2020 as against net profit of Rs 140.86 crores ($18.7 million) for the last financial year.
The company has reported net sales of Rs 1385.21 crores ($184.2 million) during the full-year period ended March 31, 2020, a decline of 3.6% as compared to Rs 1436.85 crores ($191.1 million) during the last financial year.
The company has reported EPS of Rs 7.16 ($0.1) for the full-year period ended March 31, 2020 as compared to Rs 11.54 ($0.15) for the last financial year.
On the impact of the pandemic on its business, Bodal Chemicals in its stock exchange filing said, “The Company believes that there is no impact on its ability to meet its liabilities as and when they fall due. There is no material change in the internal control environment of the Company. However, the extent and duration of COVID-19 is currently unknown and depends on future development that is uncertain. Any resultant outcome and impact on business, due to this, is unpredictable. “