Olectra Greentech reports standalone net loss of Rs 5.61 crore in the March 2020 quarter

Capital Market 

Sales decline 31.20% to Rs 66.61 crore

Net loss of Olectra Greentech reported to Rs 5.61 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 31.20% to Rs 66.61 crore in the quarter ended March 2020 as against Rs 96.82 crore during the previous quarter ended March 2019.

For the full year,net profit reported to Rs 10.70 crore in the year ended March 2020 as against net loss of Rs 13.58 crore during the previous year ended March 2019. Sales rose 36.25% to Rs 395.53 crore in the year ended March 2020 as against Rs 290.30 crore during the previous year ended March 2019. ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales66.6196.82 -31 395.53290.30 36 OPM %-7.55-4.28 -2.30-4.75 - PBDT-6.690.43 PL 21.68-13.58 LP PBT-8.47-1.25 -578 12.85-19.80 LP NP-5.610.76 PL 10.70-13.58 LP

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First Published: Sat, June 27 2020. 14:32 IST