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Stovec Industries standalone net profit declines 49.95% in the September 2020 quarter

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Capital Market

Sales decline 25.05% to Rs 41.21 crore

Net profit of Stovec Industries declined 49.95% to Rs 4.96 crore in the quarter ended September 2020 as against Rs 9.91 crore during the previous quarter ended September 2019. Sales declined 25.05% to Rs 41.21 crore in the quarter ended September 2020 as against Rs 54.98 crore during the previous quarter ended September 2019. ParticularsQuarter EndedSep. 2020Sep. 2019% Var.Sales41.2154.98 -25 OPM %15.7723.12 -PBDT7.7313.61 -43 PBT6.4512.51 -48 NP4.969.91 -50

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First Published: Nov 11 2020 | 8:50 AM IST

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