Nitta Gelatin India Ltd, an Indian gelatin manufacturer has reported financial results for the period ended March 31, 2020.
Q4 Results
The company has posted net loss of Rs (1.08) crores (-$0.14 million) for the period ended March 31, 2020 as against net profit of Rs 1.18 crores ($0.16 million) for the period ended March 31, 2019.
Net sales dropped by -15.23% to Rs 73.86 crores ($9.7 million) during the period ended March 31, 2020 as compared to Rs 87.13 crores ($11.5 million) during the period ended March 31, 2019.
Drop in sales was attributed to demand slump caused due to COVID-19 lockdown during the quarter.
Full-Year Results
For the full-year period ended March 31, 2020, the company’s net profit grew by 223.92% to Rs 11.24 crores ($1.5 million) as against Rs 3.47 crores ($0.46 million) for the full-year period ended March 31, 2019.
The company’s net sales increased 13.11% to Rs 343.78 crores ($45.3 million) during the full-year period ended March 31, 2020 as compared to Rs 303.94 crores ($40 million) during the full-year period ended March 31, 2019.
The company has reported EPS (earnings per share) of Rs 12.38 ($0.16) for the full-year period ended March 31, 2020 as compared to Rs 3.82 ($0.05) for the full-year period ended March 31, 2019.