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Fourth quarter net sales declined 8.7% to Rs 965.47 crore on year-on-year basis. The result was announced yesterday, 28 April 2020.
Profit before tax (PBT) stood at Rs 188.42 crore in Q4 March 2020, up by 8.3% from Rs 173.95 crore in Q4 March 2019. Tax expenses declined 24.8% to Rs 46.6 crore in Q4 March 2020 over Q4 March 2019.
The company in notes to account said based on the immediate assessment of the impact of COVID-19, it is positive of serving customer orders and obtaining supply for raw material and logistics services after resumption of operations.
Atul is an integrated chemical company. The company operates through two segments: life science chemicals, and performance and other chemicals.
Following the results, shares of Atul declined 2.13% to Rs 4775.05. The stock hit a high of Rs 4906.50 and a low of Rs 4745 so far during the day.
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