Avance Technologies reports standalone net loss of Rs 33.36 crore in the March 2020 quarter

Sales decline 98.68% to Rs 0.04 crore

Net Loss of Avance Technologies reported to Rs 33.36 crore in the quarter ended March 2020 as against net loss of Rs 0.09 crore during the previous quarter ended March 2019. Sales declined 98.68% to Rs 0.04 crore in the quarter ended March 2020 as against Rs 3.04 crore during the previous quarter ended March 2019.

For the full year,net loss reported to Rs 50.62 crore in the year ended March 2020 as against net profit of Rs 0.56 crore during the previous year ended March 2019. Sales declined 91.18% to Rs 0.30 crore in the year ended March 2020 as against Rs 3.40 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales0.043.04 -99 0.303.40 -91 OPM %-125.008.55 --3.33-3.24 - PBDT-0.020.11 PL 0.020.76 -97 PBT-0.020.11 PL 0.020.76 -97 NP-33.36-0.09 -36967 -50.620.56 PL

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