Hindcon Chemicals announced its standalone and consolidated unaudited financial results for the annual and half year ended on 31.03.2020 showing rise in profit despite decline in revenue

Company : Husys Consulting Limited

The standalone revenue for the current half year at Hindcon Chemicals reached Rs.24.55 crore as compared to Rs.26.10 crore in corresponding period of previous year.

The standalone revenue for the financial year 2019-20 was Rs.45.25 crore with a PAT of Rs.3.06 crore. In the preceding year the revenue reached Rs.44.98 crore and PAT was at Rs.2.78 crore.

The highlights of standalone financial results for FY2019-20 at Hindcon Chemicals are as under:

• Net profit was Rs.2.01 crore for the half year ended 31.03.2020as against the profit of Rs.1.41 crore in a year ago period.

• Pre-tax loss reached Rs.2.68 crore whereas last year corresponding period it was Rs.1.96 crore

• Earnings per share for the current half year was Rs.1.96 as against profit per share of Rs.1.38 in previous year same period.

Following are the consolidated HY2 financial figures of FY2019-20 at Hindcon Chemicals:

• Total revenue earned is Rs.24.60 crore against Rs.26.17 crore in a year ago period.

• Net profit reached Rs.1.73 crore while previous year corresponding period it was Rs.1.45 crore.

• Earnings per share is Rs.2.27as compared to Rs.1.90 in the preceding year same period.

By the end of financial year FY2019-20 at Hindcon Chemicals, consolidated revenue was Rs.45.40 crore and profit after tax reached Rs.2.84 crore.

In the preceding year the revenue of the company stood at Rs.45.10 crore marking a PAT of Rs.2.82 crore.

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