Petrochemical
Supreme Petro swings to loss, quarterly sales down by 62%
Sales decline 62.08% to Rs 292.27 crore
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By ICN Bureau | July 25, 2020
Supreme Petrochem Ltd reported sharp decline in its earnings and registered a negative growth in Q1 FY21. The company's business was significantly impacted due to COVID-19 pandemic. The domestic volumes shrunk to 38% and export volumes stood at 53% of the volumes in the corresponding quarter of the previous year.
The company's net sales were down by 62.08% and stood at Rs.292.27 crore in June 2020 as against Rs.770.71 crore in June 2019.
Company posted a loss of Rs.11.88 crore in June 2020 as against profit of Rs.41 crore in June 2019.
EBITDA stood negative at Rs.1.41 crore in June 2020 down 101.95% from Rs.72.19 crore in June 2019.
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