Tamilnadu Steel Tubes reports standalone net loss of Rs 0.24 crore in the March 2020 quarter

Sales decline 23.75% to Rs 12.04 crore

Net loss of Tamilnadu Steel Tubes reported to Rs 0.24 crore in the quarter ended March 2020 as against net profit of Rs 0.23 crore during the previous quarter ended March 2019. Sales declined 23.75% to Rs 12.04 crore in the quarter ended March 2020 as against Rs 15.79 crore during the previous quarter ended March 2019.

For the full year,net loss reported to Rs 2.46 crore in the year ended March 2020 as against net profit of Rs 0.09 crore during the previous year ended March 2019. Sales declined 37.50% to Rs 50.86 crore in the year ended March 2020 as against Rs 81.37 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales12.0415.79 -24 50.8681.37 -38 OPM %-2.492.47 --4.641.11 - PBDT-0.180.22 PL -2.150.34 PL PBT-0.260.17 PL -2.480.01 PL NP-0.240.23 PL -2.460.09 PL

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