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Nahar Spinning Mills reports standalone net loss of Rs 13.39 crore in the March 2020 quarter

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Capital Market

Sales decline 7.44% to Rs 568.61 crore

Net loss of Nahar Spinning Mills reported to Rs 13.39 crore in the quarter ended March 2020 as against net profit of Rs 4.98 crore during the previous quarter ended March 2019. Sales declined 7.44% to Rs 568.61 crore in the quarter ended March 2020 as against Rs 614.32 crore during the previous quarter ended March 2019.

For the full year,net loss reported to Rs 53.06 crore in the year ended March 2020 as against net profit of Rs 65.72 crore during the previous year ended March 2019. Sales declined 9.65% to Rs 2082.70 crore in the year ended March 2020 as against Rs 2305.20 crore during the previous year ended March 2019.

 
ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales568.61614.32 -7 2082.702305.20 -10 OPM %3.677.66 -2.839.98 - PBDT3.3730.33 -89 3.58187.71 -98 PBT-17.4911.50 PL -78.06104.10 PL NP-13.394.98 PL -53.0665.72 PL

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First Published: Jun 26 2020 | 5:17 PM IST

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