Vinyl Chemicals India Ltd., an Indian VAM (vinyl acetate monomer) manufacturer has reported financial results for the period ended March 31, 2020.
Q4 Results
The company’s net profit fell by 93.07% to Rs 0.25 crore ($0.03 million) for the period ended March 31, 2020 as against Rs 3.61 crores ($0.47 million) for the period ended March 31, 2019.
Net sales dropped by 36.26% to Rs 71.54 crores ($9.4 million) during the period ended March 31, 2020 as compared to Rs 112.23 ($14.8 million) crores during the period ended March 31, 2019.
Full-Year Results
The company’s net profit fell by 15.8% to Rs 7.46 crores ($0.98 million) for the full-year period ended March 31, 2020 as against Rs 8.86 crores ($1.04 million) for the full-year period ended March 31, 2019.
The company has reported net sales of Rs 376.06 crores ($49.4 million) during the full-year period ended March 31, 2020, a fall by 22.68% as compared to Rs 486.35 crores ($63.9 million) during the full-year period ended March 31, 2019.
The company has reported EPS of Rs 4.07 ($0.05) for the full-year period ended March 31, 2020 as compared to Rs 4.83 ($0.06) for the full-year period ended March 31, 2019.