Garware Polyester Ltd Q1 consolidated net profit falls to Rs. 13.61 crore

GARWARE POLYESTER LTD. has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.171.27 crores during the period ended June 30, 2020 as compared to Rs.222.86 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.13.61 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.21.07 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.5.86 for the period ended June 30, 2020 as compared to Rs.9.07 for the period ended March 31, 2020.

Financials	Q1 FY2020-21	Q4 FY19-20	% Change
Total Income	₹ 171.27 crs	₹ 222.86 crs	-23.15%
Net Profit	₹ 13.61 crs	₹ 21.07 crs	-35.41%
EPS	₹ 5.86	₹ 9.07	-35.39%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.171.27 crores during the period ended June 30, 2020 as compared to Rs.255.05 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.13.61 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.26.82 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.5.86 for the period ended June 30, 2020 as compared to Rs.11.54 for the period ended June 30, 2019.

Financials	Q1 FY2020-21	Q1 FY2019-20	% Change
Total Income	₹ 171.27 crs	₹ 255.05 crs	-32.85%
Net Profit	₹ 13.61 crs	₹ 26.82 crs	-49.25%
EPS	₹ 5.86	₹ 11.54	-49.22%

Shares of GARWARE POLYESTER LTD. was last trading in BSE at Rs.226 as compared to the previous close of Rs. 223.25. The total number of shares traded during the day was 3862 in over 58 trades.

The stock hit an intraday high of Rs. 227 and intraday low of 218.25. The net turnover during the day was Rs. 865368.

Source : Equity Bulls

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