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Covid-19 unlikely to affect Uniphos Enterprises’ performance adversely

The company’s office is operating on Work from home basis since Covid-19 outbreak.

July 14, 2020 10:56 IST | India Infoline News Service
Uniphos Enterprises Limited informed the exchanges Monday that though the company had some sales even during lockdown, the majority   of income of the company comprises of interest income and dividend income. Based on current financial position and operations, the company believes that situation arising due to Covid-19 will not affect it operations adversely.

The Ministry of Home Affairs on March 24, 2020 notified first ever nation-wide lockdown in India to contain the outbreak of Covid-19. Due to Covid-19 situation, there have been several restrictions imposed by the Governments on the travel, goods movement and transportation considering public health and safety measures.

The company has no factory and units. The office is operating on Work from home basis since Covid-19 outbreak.

Uniphos Enterprises Ltd is currently trading at Rs60.50 down by Rs0.1 or 0.17% from its previous closing of Rs60.60 on the BSE.

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