Ishan Dyes & Chemicals Ltd., a dyes and dyestuff manufacturer based in India announced its results for the quarter ended June 30, 2020.
Q1 Results- QoQ
The company’s net profit decreased 38.6% to Rs 1.69 crores ($0.23 million) for the period ended June 30, 2020 as against net profit of Rs 2.75 crores ($0.37 million) for the previous quarter.
Net sales declined 38.2% to Rs 13.40 crores ($1.8 million) during the period ended June 30, 2020 as compared to Rs 21.68 crores ($2.9 million) during the previous quarter.
Q1 Results- YoY
The company’s net profit grew 32% to Rs 1.69 crores ($0.23 million) for the period ended June 30, 2020 as against net profit of Rs 1.28 crores ($0.17 million) for the prior-year quarter.
Net sales declined 28.5% to Rs 13.40 crores ($1.8 million) during the period ended June 30, 2020 as compared to Rs 18.73 crores ($2.5 million) during the prior-year quarter.