BSL expects impact on sales and collections due to Covid-19

The production activities of the company at Mandapam, Bhilwara were halted from March 22, 2020, till April 27, 2020.

Jun 03, 2020 04:06 IST India Infoline News Service

Material-rolls, Textile
BSL Limited informed the exchanges Wednesday that its sales realisation process was affected and as a result its collections have dropped down a bit.

The production activities of the company at Mandapam, Bhilwara were halted from March 22, 2020 till April 27, 2020 due to countrywide lockdown to prevent the spread of Covid-19.

During the quarter ended March 31, 2020, it may face estimated 30% loss of revenue, and could achieve 70% only of our targeted revenue.

“The profitability has been affected badly due to lock down. We are making all efforts for the betterment. The Liquidity position has been affected. We have availed Term Loan installment deferment as allotted by RBI.”

BSL Ltd ended at Rs21.35, up by Rs0.3 or 1.43% from its previous closing of Rs21.05 on the BSE.

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