Hikal Ltd., an Indian chemicals manufacturer has reported financial results for the period ended March 31, 2020.
Q4 Results
The company’s net profit dropped by 26.6% to Rs 24.47 crores ($3.2 million) for the period ended March 31, 2020 as against Rs 33.34 crores ($4.4 million) for the period ended March 31, 2019.
Net sales dropped by 16.79% to Rs 380.72 crores ($50.0 million) during the period ended March 31, 2020 as compared to Rs 457.55 crores ($60.1 million) during the period ended March 31, 2019.
The drop in sales was attributed to the corona virus lockdown during the period.
Full-Year Results
The company’s net profit dropped by 18.08% to 84.43 crores ($11.1 million) for the full-year period ended March 31, 2020 as against Rs 103.06 crores ($13.5 million) for the full-year period ended March 31, 2019.
The company has reported net sales of Rs 1510.96 crores ($198.5 million) during the full-year period ended March 31, 2020, a drop of 5.08% compared to Rs 1591.87 crores ($209.1 million) during the full-year period ended March 31, 2019.
The company has reported EPS of Rs 6.85 ($0.09) for the full-year period ended March 31, 2020 as compared to Rs 8.36 ($0.11) for the full-year period ended March 31, 2019.