Chemical
Bharat Rasayan quarterly profit rises on lower sales volume
Sales decline 20.52% to Rs 281.69 crore.
- By ICN Bureau
| August 17, 2020
Bharat Rasayan Ltd reported rise in profits during the first quarter of current fiscal year by 11.91% YoY and reached Rs 46.70 crore as against Rs 41.73 crore in the same period last year.
Sales declined by 20.52% and stood at Rs 281.69 crore in Q1FY21 from Rs 354.42 crore last year.
The company said that there is no significant impact of Covid-19 pandemic on the current and future business operations and is closely tracking the rapidly changing situation.
The company operates only in one business segment which is pesticides and its performance is highly dependent on monsoon and other climatic conditions due to seasonal nature of the company's product.
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