Visagar Polytex reports standalone net profit of Rs 0.53 crore in the March 2020 quarter

Capital Market 

Sales decline 55.19% to Rs 1.77 crore

Net profit of Visagar Polytex reported to Rs 0.53 crore in the quarter ended March 2020 as against net loss of Rs 0.93 crore during the previous quarter ended March 2019. Sales declined 55.19% to Rs 1.77 crore in the quarter ended March 2020 as against Rs 3.95 crore during the previous quarter ended March 2019.

For the full year,net loss reported to Rs 14.35 crore in the year ended March 2020 as against net profit of Rs 0.16 crore during the previous year ended March 2019. Sales declined 81.11% to Rs 10.17 crore in the year ended March 2020 as against Rs 53.83 crore during the previous year ended March 2019. ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales1.773.95 -55 10.1753.83 -81 OPM %43.50-4.81 -26.354.29 - PBDT1.27-0.50 LP 2.501.09 129 PBT0.53-0.87 LP 1.760.22 700 NP0.53-0.93 LP -14.350.16 PL

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First Published: Wed, July 01 2020. 16:34 IST