Finolex Industries consolidated net profit declines 37.05% in the March 2020 quarter

Sales decline 20.55% to Rs 766.11 crore

Net profit of Finolex Industries declined 37.05% to Rs 58.66 crore in the quarter ended March 2020 as against Rs 93.19 crore during the previous quarter ended March 2019. Sales declined 20.55% to Rs 766.11 crore in the quarter ended March 2020 as against Rs 964.24 crore during the previous quarter ended March 2019.

For the full year,net profit declined 9.42% to Rs 332.65 crore in the year ended March 2020 as against Rs 367.25 crore during the previous year ended March 2019. Sales declined 3.41% to Rs 2985.98 crore in the year ended March 2020 as against Rs 3091.32 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales766.11964.24 -21 2985.983091.32 -3 OPM %13.5815.19 -15.0119.55 - PBDT107.61160.40 -33 491.63646.45 -24 PBT88.73142.73 -38 417.82576.37 -28 NP58.6693.19 -37 332.65367.25 -9

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