Khaitan Chemicals & Fertilizers Ltd., a chemicals and fertilizers manufacturer based in India has reported its financial results for the period ended March 31, 2020.
Q4 Results
The company’s net profit rose 1356.1% to Rs 5.97 crores ($0.79 million) for the period ended March 31, 2020 as against Rs 0.41 crores ($0.054 million) for the period ended March 31, 2019.
Net sales increased by 7.9% to Rs 95.46 crores ($12.6 million) during the period ended March 31, 2020 as compared to Rs 88.46 crores ($11.7 million) during the period ended March 31, 2019.
Full-Year Results
The company’s net profit rose 91.1% to Rs 15.08 crores ($2 million) for the full-year period ended March 31, 2020 as against Rs 7.89 crores ($1 million) for the full-year period ended March 31, 2019.
The company has reported net sales of Rs 439.37 crores ($58.2 million) during the full-year period ended March 31, 2020, a 17.7% increase as compared to Rs 373.37 crores ($49.4 million) during the full-year period ended March 31, 2019.
The company has reported EPS of Rs 1.55 ($0.02) for the full-year period ended March 31, 2020 as compared to Rs 0.81 ($0.01) for the full-year period ended March 31, 2019.
The company said that “the pandemic of Covid-19, didn’t affect to extent that it could have since the movement and production of fertilizer was not restricted by the Central Government during the lockdown, especially as Fertilizer is covered under the Essential Commodities Act, 1955 and is crucial for farm produce.”
The Company said it could perform reasonably well in the first quarter of the current financial year while taking full precautions for the safety of the employees and following the protocol laid down by the Government.