Shree Pushkar Chemicals & Fertilisers Ltd., a chemicals and fertilizers manufacturer based in India announced its results for the final quarter & year ended March 31, 2021.
Q4 Results
The company’s net profit declined 7.2% to Rs 10.43 crores ($1.4 million) for the period ended March 31, 2021 as against Rs 11.24 crores ($1.5 million) for the period ended March 31, 2020.
Net sales grew by 33% to Rs 115.54 crores ($15.9 million) during the period ended March 31, 2021 as compared to Rs 87.16 crores ($12 million) during the period ended March 31, 2020.
Full-Year Results
For the full-year period ended March 31, 2021, the company’s net profit dropped by 20.1% to Rs 28.53 crores ($3.9 million) as against Rs 35.71 crores ($4.9 million) for the full-year period ended March 31, 2020.
The company’s net sales grew 2% to Rs 361.65 crores ($49.7 million) during the full-year period ended March 31, 2021 as compared to Rs 349.65 crores ($48 million) during the full-year period ended March 31, 2020.
“Due to the outbreak of COVID-19 globally and in India, the Group’s management has made initial assessment of likely adverse impact on the business and financial risks on account of COVID-19, and believes that the impact is likely to be short term in nature. The Group’s operations and revenue during the current period were impacted due to COVID-19,” Shree Pushkar Chemicalsstated in its stock exchange filing.