Midas Infra Trade reports standalone net loss of Rs 0.52 crore in the March 2020 quarter

Sales decline 82.62% to Rs 13.30 crore

Net loss of Midas Infra Trade reported to Rs 0.52 crore in the quarter ended March 2020 as against net profit of Rs 1.37 crore during the previous quarter ended March 2019. Sales declined 82.62% to Rs 13.30 crore in the quarter ended March 2020 as against Rs 76.52 crore during the previous quarter ended March 2019.

For the full year,net profit declined 74.83% to Rs 0.36 crore in the year ended March 2020 as against Rs 1.43 crore during the previous year ended March 2019. Sales declined 25.83% to Rs 117.51 crore in the year ended March 2020 as against Rs 158.44 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales13.3076.52 -83 117.51158.44 -26 OPM %-4.513.29 -0.961.82 - PBDT-0.462.51 PL 1.263.02 -58 PBT-0.672.18 PL 0.512.29 -78 NP-0.521.37 PL 0.361.43 -75

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