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18 January, 2021 03:28 IST
Ashok Alco-Chem swings to net profit of Rs 9.87 mn in Q2
Source: IRIS | 23 Nov, 2020, 06.15PM
Rating: NAN / 5 stars.
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   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).

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