Southern Petrochemicals Limited., a fertilizer manufacturer based in India announced its results for the second quarter ended September 30, 2020.
Q2 Results- QoQ
The company’s net profit dropped 7.6% to Rs 12.33 crores for the period ended September 30, 2020 as against net profit of Rs 13.34 crores for the previous quarter.
Net sales grew 35% to Rs 432.89 crores during the period ended September 30, 2020 as compared to Rs 320.62 crores during the previous quarter.
Q2 Results- YoY
The company’s net profit declined 25.1% to Rs 12.33 crores for the period ended September 30, 2020 as against net profit of Rs 16.46 crores for the prior-year quarter.
Net sales decreased 31.2% to Rs 432.89 crores during the period ended September 30, 2020 as compared to Rs 629.51 crores during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit declined 19.4% to Rs 25.68 crores for the 6 months period ended September 30, 2020 as against net profit of Rs 31.85 crores for the prior-year 6 months period.
Net sales dropped 36.4% to Rs 753.51 crores during the 6 months period ended September 30, 2020 as compared to Rs 1184.40 crores during the prior-year 6 months period.
“During the quarter, the production and sale of Urea of the company were 181,000 MT and 185,000 MT respectively. The Urea plant was operational for 90 days during the quarter compared to 84 days during prior-year quarter,” the company said.