Meghmani Organics Ltd net profit declined by 22.78% to Rs 51.33 crore in the quarter ended March 2020 as against Rs 66.47 crore in March 2019 quarter. Sales declined 6.70% to Rs 520.35 crore as against Rs 557.73 crore in March 2019 quarter. The COVID-19 pandemic has disrupted various business operations due to lockdown and other emergency measures Imposed by the governments. The operations of the group were impacted, due to shutdown of plants and offices following nationwide lockdown, the company said in its report.

 

For the full year, net profit declined 4.43% to Rs 240.15 crore in the year ended March 2020 as against Rs 251.27 crore in March 2019. Sales rose 4.94% to Rs 2191.18 crore as against Rs 2087.96 crore in March 2019.

 

The board decided that the interim dividend of Rs 1.00 per share of Rs. 1.00 each (i.e. 100%) declared by the board of directors at their meeting held on March 03, 2020 and paid on 20th March, 2020 be considered as final dividend for FY 2019-20.