Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

S H Kelkar and Company Ltd Q1 FY21 business update

Posted On: 2020-07-06 09:01:16

S H Kelkar and Company Ltd (SHK), the largest Indian origin Fragrance and Flavours Company in India, has announced the following business update for Q1 FY21 given the current operating environment:

Operational update

As per the directives of the Central Government in response to the outbreak of the COVID-19 pandemic, SHK’s manufacturing units were temporarily shut in the month of April 2020.

Pursuant to requisite government approvals, operations at all facilities resumed from April 27, 2020 onwards, albeit at lower utilization levels. ‘This, significantly affected production and sales in the domestic market for the months of April and May. The Company witnessed encouraging demand pick-up from the last week of May continuing into June. Consequently, revenues in Q1 FY21 stood between ~Rs. 190 to 192 crore (provisional and unaudited figure).

Strong financial and operating discipline including maintaining a tight working capital cycle and adequate inventories enabled the Company to seamlessly support its business commitments during this challenging period.

The initiatives to strengthen balance sheet continued during the quarter. The Company has further reduced its net debt in Q1 FY21 to ~ between Rs. 254 to 258 crore (provisional & unaudited figure) as on June 30, 2020 as against Rs. 299 crore as on March 31, 2020.

The management continues to very closely monitor the operating environment and actively engage with its customers to build demand. From June onwards, the Company has been witnessing initial signs of recovery in the FMCG industry and a gradual normalization of the supply chain system. Accordingly, the Company is taking all necessary steps to ensure optimal production levels are maintained throughout the year.

While continuity of the market trend cannot be firmly ascertained at this time, the Company is hopeful that that the business flow will remain steady.

The Company believes that once the operating situation is stabilized, it should be able to deliver revenue growth and revert to its normalized margins once again.

Shares of S H Kelkar and Company Ltd was last trading in BSE at Rs.66.5 as compared to the previous close of Rs. 67.65. The total number of shares traded during the day was 46771 in over 569 trades.

The stock hit an intraday high of Rs. 68.4 and intraday low of 66.3. The net turnover during the day was Rs. 3142887.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Gabriel India Ltd reports Rs. 23.77 crore loss in Q1FY21

Kajaria Ceramics Ltd posts loss of Rs. 27.10 crore in Q1FY21

Balrampur Chini Mills Ltd Q1FY21 consolidated PAT up YoY at Rs. 139.09 crore

TANFAC Industries Ltd Q1FY21 PAT at Rs. 2.58 crore

EMAMI Ltd Q1 FY21 consolidated PAT higher at Rs. 39.60 crore

Mitsu Chem Plast Ltd Q1 PAT jumps to Rs. 1.80 crore

Johnson Controls-Hitachi Air Conditioning India Ltd Q1FY21 loss at Rs. 23.13 crore

TV Today Network Ltd posts Rs. 12.76 crore consolidated PAT in Q1

Mahindra & Mahindra Ltd posts Rs. 112.10 crore PAT in Q1FY21

UFO Moviez India Ltd Q1 consolidated loss at Rs. 33.23 crore

Dilip Buildcon Ltd declared L1 bidder for new HAM project in Karnataka

TCS a leader in Advanced Digital Workplace Services - NelsonHall

Dilip Buildcon Ltd JV executes EPC agreement for project in Gujarat

Meera Industries Ltd receives export order of $1,05,200

Sobha Limited Q1FY21 consolidated PAT slides to Rs. 6.6 crore

JSW Holdings Ltd Q1FY21 consolidated net profit lower at Rs. 9.47 crore

Alembic Ltd Q1FY21 consolidated PAT at Rs. 88.52 crore

DCM Nouvelle Limited posts loss of Rs. 6.61 crore in Q1

Steel Strips Wheels Ltd bags exports orders for close to 20000 wheels

Prince Pipes announces technical collaboration with Tooling Holland - a global leader in plastic mould manufacturing

Alembic Pharmaceuticals Ltd closes QIP, fixes issue price as Rs. 932

LUPIN Ltd Q1FY21 consolidated net profit at Rs. 106.9 crore

Dalmia Bharat Ltd Q1FY21 consolidated PAT soars to Rs. 190 crore

Saurashtra Cement Ltd reports consolidated PAT of Rs. 8.24 crore in Q1

SML ISUZU Ltd launches Hiroi School Bus and Hiroi Staff Bus

Pidilite Industries reports first quarter results.

JK Tyre & Industries Ltd announces Q1FY21 results

AU Bank forays into South India with its branch launch in Bengaluru

Bayer CropScience Limited reports Q1 Results for FY 2020-21

Cospower Engineering Ltd Board recommends dividend of Rs. 1.20

KEI Industries Ltd Q1 consolidated PAT at Rs. 36.22 crore

GSPL Q1FY21 consolidated PAT slips to Rs. 221.06 crore

Mangalore Chemicals & Fertilizers Ltd Q1 PAT lower at Rs. 11.01 crore

Inditrade Capital Ltd Q1 consolidated PAT at Rs. 1.62 crore

Honeywell Automation India Ltd Q1FY21 PAT lower at Rs. 98.08 crore

Sumitomo Chemical India Ltd posts surge in Q1FY21 PAT to Rs. 79.40 crore

HPCL Q1FY21 consolidated PAT rises to Rs. 2252.65 crore

The Dharamsi Morarji Chemical Co. Ltd. Q1 consolidated PAT drops to Rs. 5.42 crore

The Indian Hotels Company Ltd Q1 loss at Rs. 279.92 crore

Torrent Power Ltd Q1FY21 consolidated net profit zooms to Rs. 372.66 crore

Deepak Nitrite Ltd Q1FY21 consolidated PAT declines to Rs. 98.95 crore

Adani Enterprises Ltd Q1 consolidated net profit plunges to Rs. 29.79 crore

Gulshan Polyols Ltd reports QoQ higher profit in Q1FY21

Chaman Lal Setia Exports Ltd reports jumps in Q1FY21 PAT to Rs. 25 crore

Rolcon Engineering Company Ltd posts Rs. 0.14 crore PAT in Q1

Pidilite Industries Ltd Q1FY21 consolidated PAT slides to Rs. 26.78 crore

Matrimony reports strong net profit growth of 38%QjQ

Vodafone Idea Ltd Q1 impacted by nationwide lockdown

IndiGrid starts FY21 on a strong footing Q1 FY21 DPU maintained at INR 3.00

HCL Infosystems Reports Revenue of Rs. 106 Crore in Q1 FY21

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019