The company said that Q1 FY21 has been a good quarter inspite of the impact of Covid-19. "The pick up in sales volumes in May and June led to a total sales volume of 38,096 MT in Q1 FY21," it said.
"The monthly run rate is gaining momentum and is very visible in July 2020 and August 2020. The demand is strong in agriculture segment across geographies reinforcing the belief on the potential of this segment as well as the brand positioning of the company is continuously helping the firm to gain market share. The non-agriculture segment is moving slow, on-account of low commodity prices and end user demand however, the company expects gradual uptick as economic activity increases across the globe," it added.
The board has declared first interim dividend of Rs 3 per equity share (150 per cent) for the financial year 2020-2021.
At 1:21 pm, the stock was quoting 4 per cent lower at Rs 1,330 per share. In comparison, the S&P BSE Sensex was at 38,362 level, up 0.15 per cent.
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