The firm had posted a profit of Rs 152.37 crore within the March 2020 quarter, in accordance to a regulatory submitting.
Its whole revenue throughout January-March 2021 jumped 37 per cent to Rs 1,148.24 crore, in contrast with Rs 861.07 crore within the year-ago interval.
Total bills spiked 26 per cent to Rs 856.41 crore within the fourth quarter of 2020-21, towards Rs 677.77 crore a yr in the past.
For the total monetary yr 2020-21, the profit declined 3.68 per cent to Rs 608.66 crore as towards a profit of Rs 632 crore in 2019-20.
Its whole revenue additionally contracted by 17 per cent to Rs 3,009.72 crore within the final monetary yr, in contrast with Rs 3,667.57 crore a yr in the past.
The firm in a press release stated the pandemic-induced lockdown resulted in a brief disruption within the firm’s operations from March 23, 2020, to May 5, 2020.
The agency continued operations on a lowered time scale through the first quarter, which affected the financials throughout that quarter.
From second quarter onwards, the corporate prolonged hours of operations by working in two shifts. This impacted depreciation to the tune of Rs 3.88 crore through the yr ended March 31, 2021.
The firm has seemed on the doable future uncertainties within the financial circumstances due to the pandemic from inside and exterior data, equivalent to present contracts, monetary power of the provision chains and prospects, it acknowledged.
Based on such data and present estimates, CSL expects the carrying quantity of those property will likely be recovered and there’s no vital impression on liabilities accrued, it stated. PTI IAS