Profit before tax fell 12.3% to Rs 107.92 crore in Q4 March 2020 over Q4 March 2019. Current tax expense declined 19.33% to Rs 30.67 crore in Q4 March 2020 over Q4 March 2019. The result was announced on Saturday, 13 June 2020.

Meanwhile, the company has announced a final dividend of Rs 0.5 per equity share.

Vinati Organics is engaged in the manufacture of organic and inorganic chemical compounds nitrogenous energetic compounds (NEC).

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Vinati Organics has appointed Jagdish Chandra Laddha as an Additional and Non Executive Independent Director with effect from 13 June 2020.

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Net profit of Vinati Organics declined 9.57% to Rs 74.63 crore in the quarter ended March 2020 as against Rs 82.53 crore during the previous quarter ended March 2019. Sales declined 18.74% to Rs 245.34 crore in the quarter ended March 2020 as against Rs 301.92 crore during the previous quarter ended March 2019.

For the full year,net profit rose 18.17% to Rs 333.82 crore in the year ended March 2020 as against Rs 282.49 crore during the previous year ended March 2019. Sales declined 8.78% to Rs 1028.87 crore in the year ended March 2020 as against Rs 1127.92 crore during the previous year ended March 2019.

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The Board of Vinati Organics has approved the appointment of Jagdish Laddha as an Additional Non Executive Independent Director with effect from 13 June 2020.

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