Vinati Organics declined 4.94% to Rs 2172.15 after standalone net profit slumped 39.26% to Rs 66.82 crore in Q3FY20 as against Rs 110.01 crore reported in Q3FY19.
Total revenue declined 0.93% to Rs 253.87 crore in Q3 December 2019 as compared to Rs 256.26 crore recorded in Q3 December 2018.
Profit before tax (PBT) for Q3 December 2019 stood at Rs 88.85 crore, down by 14.22% from Rs 103.58 crore reported in Q3 December 2018. Tax expenses stood at Rs 22.03 in Q3 2019 as against a tax credit of Rs 6.42 crore in Q3 2018.
Vinati Organics is engaged in the manufacture of organic and inorganic chemical compounds nitrogenous energetic compounds (NEC).
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