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03 December, 2023 16:36 IST
Mangalam Organics standalone net profit drops 11.9%
Source: IRIS | 09 Nov, 2020, 07.35PM
Rating: NAN / 5 stars.
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   Mangalam Organics, an India-based chemical manufacturing company, on October.29, posted a drop of 11.9% in standalone net profit to Rs 143.3 million in the quarter ended September 2020 as against Rs 162.6 million during the previous quarter ended September 2019.

Further, the company’s net sales declined 28.95% to Rs 859.6 million in the quarter ended September 2020 as against Rs 1,209.8 million during the previous quarter ended September 2019.

EBITDA stands at Rs. 231.1 million in September 2020, down 17.79% from Rs. 281.1 million in September 2019.

Shares of the company gained Rs 6 or 1.46%, to settle  at  Rs 417.40.  The total volume of shares traded  was  6,180 at  the BSE (Monday).



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