Black Rose Industries Ltd reported decline in sales as well as profits in first quarter of the current year due to market slowdown caused by Covid-19 pandemic. 

 

The company's sales fell by 51% YoY and stood at Rs.41.36 crores in Q1FY21 as compared to Rs.84.49 crores during the period ended June 30, 2019.

 

Net net profit also declined by almost 57% YoY to reach Rs.2.09 crores versus Rs.4.85 crores for the period ended June 30, 2019.

 

The company has reported EPS of Rs.0.41 for the period ended June 30, 2020 as compared to Rs.0.95 for the period ended June 30, 2019.

 

Black Rose recently announced the expansion of production for polyacrylamide liquids at its plant situated at Jhagadia, Gujarat.the facility. The current installed capacity of polyacrylamide liquids is 40,000 MTPA.

 

The company is primarily in the business of chemical distribution and chemical manufacturing, as well as textile manufacturing and renewable energy generation.