India Glycols Ltd., a glycols manufacturer based in India, announced its results for the quarter and financial year ended March 31, 2020.
Q4 Results
The company’s net profit declined 33% to Rs 17.90 crores ($2.4 million) for the period ended March 31, 2020 as against Rs 26.72 crores ($3.6 million) during the prior-year quarter.
Net sales increased 8.5% to Rs 1528.76 crores ($204.3 million) for the quarter ended March 31, 2020 as compared to Rs 1409.32 crores ($188.3 million) during the prior-year quarter.
Full-Year Results
The company’s net profit fell 13.5% to Rs 114.66 crores ($15.3 million) for the full-year period ended March 31, 2020 as against Rs 132.61 crores ($17.7 million) last financial year.
The company has reported net sales of Rs 5981.42 crores ($799.3 million) during the full-year period ended March 31, 2020, a 16.5% increase as compared to Rs 5134.31 crores ($686.1 million) last financial year.
The company has reported EPS of Rs 37.03 ($0.49) for the full-year period ended March 31, 2020 as compared to Rs 42.83 ($0.57) 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.