Mitsu Chem Plast Ltd FY2020 net profit higher at Rs. 3.97 crore

Mitsu Chem Plast Ltd has reported financial results for the period ended March 31, 2020.

Financial Results (H2 FY19-20)

The company has reported net sales of Rs.72.71 crores during the 6 months period ended March 31, 2020 as compared to Rs.66.14 crores during the period ended September 30, 2019.

The company has posted net profit of Rs.1.94 crores for the 6 months period ended March 31, 2020 as against Rs.2.02 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.1.61 for the 6 months period ended March 31, 2020 as compared to Rs.1.68 for the 6 months period ended September 30, 2019.

Financials	H2 FY19-20	H1 FY19-20	% Change
Total Income	₹ 72.71 crs	₹ 66.14 crs	9.93%
Net Profit	₹ 1.94 crs	₹ 2.02 crs	-3.96%
EPS	₹ 1.61	₹ 1.68	-4.17%

Financial Results (Year ended FY 2019-20) - YoY Comparison

The company has reported net sales of Rs.138.86 crores for the year ended March 31, 2020 as compared to Rs.125.01 crores for the year ended March 31, 2019.

The company has posted net profit of Rs.3.97 crores for the year ended March 31, 2020 as against Rs.3.59 crores for the year ended March 31, 2019.

The company has reported EPS of Rs.3.29 for the year ended March 31, 2020 as compared to Rs.3 for the year ended March 31, 2019.

Financials	FY2019-20	FY2018-19	% Change
Total Income	₹ 138.86 crs	₹ 125.01 crs	11.08%
Net Profit	₹ 3.97 crs	₹ 3.59 crs	10.58%
EPS	₹ 3.29	₹3	9.67%

Shares of Mitsu Chem Plast Ltd was last trading in BSE at Rs.73.5 as compared to the previous close of Rs. 78. The total number of shares traded during the day was 1089 in over 16 trades.

The stock hit an intraday high of Rs. 79.75 and intraday low of 73.5. The net turnover during the day was Rs. 83040.

Source : Equity Bulls

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