Onward Technologies reports consolidated net loss of Rs 2.98 crore in the March 2020 quarter

Sales decline 0.14% to Rs 65.59 crore

Net loss of Onward Technologies reported to Rs 2.98 crore in the quarter ended March 2020 as against net profit of Rs 3.20 crore during the previous quarter ended March 2019. Sales declined 0.14% to Rs 65.59 crore in the quarter ended March 2020 as against Rs 65.68 crore during the previous quarter ended March 2019.

For the full year,net profit declined 38.40% to Rs 6.24 crore in the year ended March 2020 as against Rs 10.13 crore during the previous year ended March 2019. Sales rose 4.03% to Rs 271.55 crore in the year ended March 2020 as against Rs 261.02 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales65.5965.68 0 271.55261.02 4 OPM %-0.908.27 -8.618.59 - PBDT-1.165.51 PL 20.9720.86 1 PBT-3.874.20 PL 9.6415.20 -37 NP-2.983.20 PL 6.2410.13 -38

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