Gulshan Polyols Q4 FY2019-20 revenue from operations was down by 20.6% to Rs. 135 crore vis-a-vis Rs. 170 crore in FY 2018-19. 

 

For FY 2019-20, revenue from operations decreased to Rs. 620.80 crores from Rs. 673.89 crores in the previous year. Profit after tax (PAT) reached Rs. 20.58 crores in FY2019-20 against Rs. 21.42 crores in the previous year, a decline of 4%. This is mainly due to extra-ordinary rise in raw material prices in FY2019- 20, which could not be passed on to the end customer, hence resulting in curtailed production and skewed profit margins.

 

Due to COVID-19 there has been complete closure of activities with effect from 22nd March 2020 till 31st March 2020 during the FY2019-20 which has affected the turnover as well as profitability of the company considerably.

 

The company has already paid an interim dividend for FY20 of Rs. 0.70 per equity share of face value of Rs. 1 each in their meeting held on 21st February 2020. 

 

The company has successfully commenced the commercial production of Ethanol and started supplies to BPCL. It has been awarded a tender of 60 Lakh KL for the year 2020.

 

The company has also ventured into the production of WHO approved hand sanitisers with alcohol content of 80% which it is selling under 6 packing variants and also supplying to B2B customers in tankers and drums. 

 

Being the licensed manufacturer of key ingredients, and located right in the centre of the country, the company sees it as an opportunity to develop a new and sustainable product.