Chemical
Transpek's quarterly profit rises on lower revenues
Company's net profit rose by 12.54% yoy and stood at Rs.3.77 crores in Q1FY21
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By ICN Bureau | August 10, 2020
Transpek Industries Ltd reported higher net profit despite decline in sales during first quarter of the current fiscal year.
The company's revenues dropped by 32.74% yoy and sales stood at Rs.79.59 crores during the period ended June 30, 2020 as compared to Rs.118.34 crores in the same quarter last year.
However the company's net profit rose by 12.54% yoy and stood at Rs.3.77 crores in Q1FY21 as against Rs.3.35 crores for the period ended June 30, 2019.
The company has reported EPS of Rs.6.74 for the period ended June 30, 2020 as compared to Rs.6 for the period ended June 30, 2019.
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