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Hawkins Cookers tumbles after Q4 PAT declines 31%

Business Finance

Capital Market 

Hawkins Cookers tumbled 8.63% to Rs 4152.20 after net profit slumped 30.6% to Rs 9.36 crore on 21% decline in net sales to Rs 145.97 crore in Q4 March 2020 over Q4 March 2019.

Profit before tax (PBT) stood at Rs 12.97 crore in Q4 FY20, down by 36.5% from Rs 20.43 crore reported in Q4 FY19.

On the expenses side, total expenditure contracted by 19.2% to Rs 131.42 crore while interest payments shrunk 13.7% to Rs 1.01 crore in Q4 FY20 over Q4 FY19. Depreciation costs, however, jumped 25.7% to Rs 1.32 crore in Q4 March 2020 over Q4 March 2019

Current tax expenses in the fourth quarter fell by 50.7% to Rs 3.42 crore as compared to the corresponding period last year.

The kitchenware manufacturer's consolidated net profit rose 33.7% to Rs 72.49 crore on a 3.2% increase in net sales to Rs 673.87 crore in the year ended March 2020 (FY20) over the year ended March 2019 (FY19).

PBT stood at Rs 98.35 crore in FY20, up by 19.4% from Rs 82.34 crore in FY19.

The company said that its operations were impacted due to the lockdown announced by the government in March 2020 and most of April 2020. Both sales and production have partially resumed in May 2020, it added.

Hawkins Cookers is engaged in the manufacture, trading and sale of kitchenware.

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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, May 22 2020. 09:26 IST