Bodal Chemicals stock ends lower despite Q4 net profit up 12% at Rs30.39cr

On a sequential basis, net sales revenues were up 22.71% compared to total revenues in the Dec-20 quarter at Rs330.90cr.

Jun 25, 2021 03:06 IST India Infoline News Service

Bodal Chemicals
Bodal Chemicals shares ended lower on the stock exchanges despite a 12% rise in profit. The company reported 22.46% higher consolidated revenues for the Mar-21 quarter at Rs406.04cr.

On a sequential basis, net sales revenues were up 22.71% compared to total revenues in the Dec-20 quarter at Rs330.90cr.

Net profits in the Mar-21 quarter was up by 12.02% at Rs30.39cr on the back of higher revenues rubbing off on EBITDA growth. However, the company took a one-time write-off to the tune of Rs13.1cr on account of irrecoverable assets. The inventory also was tweaked to reduce the capital locked in the working capital cycle.

The stock ended at Rs100.80 down by Rs5.4 or 5.08% from its previous closing of Rs106.20 on the BSE. The scrip opened at Rs105.05 and touched a high and low of Rs105.05 and Rs98.75 respectively.

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