Fineotex Chemical reports consolidated net loss of Rs 6.31 crore in the March 2020 quarter

Capital Market 

Sales decline 13.29% to Rs 43.58 crore

Net loss of Fineotex Chemical reported to Rs 6.31 crore in the quarter ended March 2020 as against net profit of Rs 6.16 crore during the previous quarter ended March 2019. Sales declined 13.29% to Rs 43.58 crore in the quarter ended March 2020 as against Rs 50.26 crore during the previous quarter ended March 2019.

For the full year,net profit declined 41.92% to Rs 13.08 crore in the year ended March 2020 as against Rs 22.52 crore during the previous year ended March 2019. Sales rose 7.68% to Rs 196.34 crore in the year ended March 2020 as against Rs 182.33 crore during the previous year ended March 2019. ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales43.5850.26 -13 196.34182.33 8 OPM %17.3517.21 -17.4219.01 - PBDT7.817.89 -1 35.7534.46 4 PBT7.487.63 -2 34.5833.46 3 NP-6.316.16 PL 13.0822.52 -42

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First Published: Wed, July 15 2020. 08:01 IST