Grauer & Weil nearly swings to loss in first quarter
Chemical

Grauer & Weil nearly swings to loss in first quarter

The company'y sales were reduced to half YoY and stood at Rs.65.99 crore in Q1FY21.

  • By ICN Bureau | September 09, 2020
Grauer & Weil India Ltd has reported a sharp decline in sales as well profits in the first quarter of the current fiscal year. The company's performance was impacted due to Covid-19 pandemic and slump in export orders during the quarter.
 
The company'y sales were reduced to half YoY and stood at Rs.65.99 crore in Q1FY21 versus Rs.134.12 crore in the corresponding quarter of the last fiscal year.
 
Net profit also fell by 93% YoY and reached Rs.1.11 crore as against Rs.15.66 crore last year.
 
Grauer & Weil (India) Ltd is engaged in the manufacture of virtually the entire range of metal finishing chemicals, as well as all types of equipment and plating plants made to international specifications and supplied to exacting standards the world over.The company also offers a wide range of plating plants and equipments, from conventional stand-alone units, to fully automatic program controlled systems; integrated with effluent treatment, waste water recovery and re-circulation procedures. Be it for general plating, plating of printed circuit boards, continuous plating lines or pre-treatment/cleaning machines, their roduction programs can meet all needs for surface treatmennt. The company also in the business activities of Paints, Chemical, Engineering, Shoppertainment, Oils & Lubricants.
 

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