Chemical
India Glycols reports low profits despite rise in sales
For the full year, net profit stood at Rs.114.66 crores as against Rs.132.61 crores in 2019.
- By ICN Bureau
| June 25, 2020
India Glycols Ltd reported dip in profits during the last quarter as well as for the entire year in 2020 however the company managed to deliver a decent growth in sales.
In Q4FY20, the company's net profit dropped to Rs.17.90 crores as against Rs.26.72 crores in the coresponding period of the previous year. Total sales stood at Rs.1528.76 crores as compared to Rs.1409.32 crores in 2019.
For the full year, net profit stood at Rs.114.66 crores as against Rs.132.61 crores in 2019. The company net sales of Rs.5981.42 crores as compared to Rs.5134.31 crores in the previous year.
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