The share price of Dishman Carbogen Amcis dropped by over 15% intraday on May 12.
This happened after the company reported a net loss of Rs 135.02 crore for March quarter against a net profit of Rs 50.19 crore in previous quarter. However the sales of the company increased by 3.36 percent to Rs 529.32 crore for the quarter ended March 2021 as against Rs 512.11 crore in the same period quarter last year.
If we talk about the full year then the company reported a net loss of about Rs 165.13 crore against a net profit of Rs 158.51 crore during the previous financial year.
Even the sales declined 6.44 percent to Rs 1912.03 crore in the year ended March 2021 as against Rs 2043.60 crore in the corresponding period of the previous year.
Accordign to CNBC-TV18, under their quarter review – the company made a provision of Rs 96.28 crore towards additional deferred tax expenses as the outcome of the difference between goodwill as per books of accounts and nil tax.
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