G G Automotive Gears reports standalone net loss of Rs 0.38 crore in the March 2020 quarter

Sales decline 32.98% to Rs 12.70 crore

Net loss of G G Automotive Gears reported to Rs 0.38 crore in the quarter ended March 2020 as against net profit of Rs 0.76 crore during the previous quarter ended March 2019. Sales declined 32.98% to Rs 12.70 crore in the quarter ended March 2020 as against Rs 18.95 crore during the previous quarter ended March 2019.

For the full year,net profit declined 51.94% to Rs 1.73 crore in the year ended March 2020 as against Rs 3.60 crore during the previous year ended March 2019. Sales rose 2.48% to Rs 56.10 crore in the year ended March 2020 as against Rs 54.74 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales12.7018.95 -33 56.1054.74 2 OPM %17.3212.72 -15.1916.92 - PBDT1.532.20 -30 6.107.58 -20 PBT0.561.41 -60 2.974.70 -37 NP-0.380.76 PL 1.733.60 -52

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