Ashok Alco-Chem, swung to a net profit for the quarter ended September 2020. The company has made a consolidated net profit of Rs. 9.87 million in the quarter, against a net loss of Rs. 29.73 million in the same period last fiscal.
The company's revenue witnessed a sharp fall of 94.44% to Rs 17.20 million in the quarter ended September 2020 as against Rs. 309.15 million during the previous quarter ended September 2019.
Total expenses fell sharply by 94.71% to Rs 18.62 million in the quarter ended September 2020 as against Rs 351.97 million in the same quarter last fiscal.
Shares of the company gained Rs 1.05, or 2.56%, to settle at Rs 42. The total volume of shares traded was 6,092 at the BSE (Monday).