Bodal Chemicals Ltd, a specialty chemicals manufacturer based in India announced its results for the final quarter & year ended March 31, 2021.
Q4 Results
The company’s net profit grew 3% to Rs 23.57 ($3.2 million) for the period ended March 31, 2021 as against a net loss of Rs 22.91 crores ($3.1 million) for the period ended March 31, 2020.
Net sales grew by 16.2% to Rs 432.6 crores ($58.3 million) during the period ended March 31, 2021 as compared to Rs 372.15 crores ($50.1million) during the period ended March 31, 2020.
Full-Year Results
For the full-year period ended March 31, 2021, the company’s net profit declined by 52% to Rs 41.98 crores ($5.7 million) as against Rs 87.16 crores ($11.7 million) for the full-year period ended March 31, 2020.
The company’s net sales dropped 10.3% to Rs 1242.36 crores ($167.4 million) during the full-year period ended March 31, 2021 as compared to Rs 1385.21 crores ($186.6 million) during the full-year period end-ed March 31, 2020.
The COVID pandemic is unprecedented and has affected the operations as well as results of the Company. The manufacturing facility of the Company which wes shut down in the last week of Merch 2020 due to countrywide lockdown, resumed operations in a phased manner from the 11th May, 2020.
The company is primarily engaged in manufacturing and trading of dye and dyestuff ingredients, water treatment chemcials and chlor-alkali chemicals.