Stovec Industries standalone net profit declines 16.99% in the December 2020 quarter

Sales decline 1.23% to Rs 49.96 crore

Net profit of Stovec Industries declined 16.99% to Rs 4.64 crore in the quarter ended December 2020 as against Rs 5.59 crore during the previous quarter ended December 2019. Sales declined 1.23% to Rs 49.96 crore in the quarter ended December 2020 as against Rs 50.58 crore during the previous quarter ended December 2019.

For the full year,net profit declined 51.83% to Rs 13.46 crore in the year ended December 2020 as against Rs 27.94 crore during the previous year ended December 2019. Sales declined 22.72% to Rs 150.12 crore in the year ended December 2020 as against Rs 194.25 crore during the previous year ended December 2019.

ParticularsQuarter EndedYear EndedDec. 2020Dec. 2019% Var.Dec. 2020Dec. 2019% Var.Sales49.9650.58 -1 150.12194.25 -23 OPM %12.2915.28 -11.0318.70 - PBDT7.318.59 -15 21.6941.62 -48 PBT6.007.49 -20 17.1637.21 -54 NP4.645.59 -17 13.4627.94 -52

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