Bodal Chemicals announced a marginal rise in Q4 FY20 income however its annual sales and profits took a hit during the year.

 

The company reported a jump of 5.85% in Q4 FY20 income and the revenues stood at Rs.372.15 crore as against Rs.351.64 crore in the corresponding period during the previous year. However the company's profit went down by 7.79% and stood at Rs.27.22 crore as against Rs.29.52 crore during the same period last year.

 

The company's annual revenues for FY20 fell by 3.59% and stood at Rs.1385.21 crore as compared to Rs.1436.85 crore in FY19. The company also reported a decline in profits by 38.7% and the final numbers stood at Rs.86.35 crore as against Rs.140.86 crore in the previous year.

 

Total production for Q4FY20 improved by 9% to 65,341 MT YoY. During the quarter, Dye Intermediates production improved by 8% YoY mainly due to higher demand and Basic Chemicals production improved by 9% YoY due to addition of Thionyl Chloride plant. Total production during FY20 improved by 5% YoY to 241,519 MT.

 

The company acquired 100% stake in Trion Chemicals during Q3FY20 and the board has approved its amalgamation with Bodal Chemicals Ltd in May-2020.