Net profit of Orbit Exports declined 46.48% to Rs 1.75 crore in the quarter ended March 2021 as against Rs 3.27 crore during the previous quarter ended March 2020. Sales declined 32.00% to Rs 20.34 crore in the quarter ended March 2021 as against Rs 29.91 crore during the previous quarter ended March 2020.

For the full year,net profit declined 90.94% to Rs 2.38 crore in the year ended March 2021 as against Rs 26.26 crore during the previous year ended March 2020. Sales declined 52.94% to Rs 66.83 crore in the year ended March 2021 as against Rs 142.02 crore during the previous year ended March 2020.

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Orbit Exports will hold a meeting of the Board of Directors of the Company on 28 June 2021.

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Orbit Exports has received revision in credit ratings from ICRA as under:

Long term bank facilities - ICRA A1 (revised from ICRA A)
Short term bank facilities - ICRA A2+ (revised from ICRA A1)

The outlook on the long-term rating has been revised to 'Stable' from 'Negative'.

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Net profit of Orbit Exports declined 77.35% to Rs 1.13 crore in the quarter ended December 2020 as against Rs 4.99 crore during the previous quarter ended December 2019. Sales declined 38.42% to Rs 19.83 crore in the quarter ended December 2020 as against Rs 32.20 crore during the previous quarter ended December 2019.

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