Chemical
Chemfab Alkalis Q4 FY20 net down by 79%
The company has reported a huge drop in net profit for Q4 FY20 where by the profit declined 78.73% to Rs 1.91 crore as against Rs 8.98 crore during the previous quarter ended March 2019.
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By ICN Bureau | June 06, 2020
Chemfab Alkalis has reported a huge drop of 78.73% in net profit for Q4 FY20 to Rs 1.91 crore as against Rs 8.98 crore during the previous quarter ended March 2019. Sales declined 27.06% to Rs 40.94 crore in the quarter ended March 2020 as against Rs 56.13 crore during the previous quarter ended March 2019.
For the full year, net profit rose 52.68% to Rs 25.59 crore in the year ended March 2020 as against Rs 16.76 crore during the previous year ended March 2019. Sales rose 5.80% to Rs 204.52 crore in the year ended March 2020 as against Rs 193.30 crore during the previous year ended March 2019.
The Board of Directors of the company has recommended a Final dividend of Rs.1.25 per share (i.e.12.5%), subject to the approval of the shareholders.
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