Chemical
Vinati Organics posts lower profit and revenues in the March 2020 quarter
Sales decline 18.74% to Rs 245.34 crore.
- By ICN Bureau
| June 13, 2020
Vinati Organics Ltd announced a decline in profit as well as sales wherein the company's net profit declined 9.57% to Rs 74.63 crore in the quarter ended March 2020 as against Rs 82.53 crore in March 2019. Sales declined 18.74% to Rs 245.34 crore in the quarter ended March 2020 as against Rs 301.92 crore in March 2019.
For the full year, net profit rose 18.17% to Rs 333.82 crore in the year ended March 2020 as against Rs 282.49 crore in March 2019. Sales declined 8.78% to Rs 1028.87 crore in the year ended March 2020 as against Rs 1127.92 crore in March 2019.
The board of directors have recommended final dividend of Rs. 0.50 for FY 2019-20 subject to shareholders approval.
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