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Garware Synthetics standalone net profit rises 160.00% in the March 2020 quarter

Capital Market 

Sales decline 15.79% to Rs 2.24 crore

Net profit of Garware Synthetics rose 160.00% to Rs 0.65 crore in the quarter ended March 2020 as against Rs 0.25 crore during the previous quarter ended March 2019. Sales declined 15.79% to Rs 2.24 crore in the quarter ended March 2020 as against Rs 2.66 crore during the previous quarter ended March 2019.

For the full year,net profit reported to Rs 0.11 crore in the year ended March 2020 as against net loss of Rs 1.37 crore during the previous year ended March 2019. Sales declined 14.38% to Rs 9.11 crore in the year ended March 2020 as against Rs 10.64 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales2.242.66 -16 9.1110.64 -14 OPM %11.16-0.38 -3.290.38 - PBDT0.250.26 -4 0.210.17 24 PBT0.240.25 -4 0.180.14 29 NP0.650.25 160 0.11-1.37 LP

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 31 2020. 17:00 IST
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