Libas Designs reports standalone net loss of Rs 1.32 crore in the March 2020 quarter

Capital Market 

Sales decline 48.21% to Rs 7.23 crore

Net loss of Libas Designs reported to Rs 1.32 crore in the quarter ended March 2020 as against net profit of Rs 0.88 crore during the previous quarter ended March 2019. Sales declined 48.21% to Rs 7.23 crore in the quarter ended March 2020 as against Rs 13.96 crore during the previous quarter ended March 2019.

For the full year,net profit declined 94.92% to Rs 0.18 crore in the year ended March 2020 as against Rs 3.54 crore during the previous year ended March 2019. Sales declined 35.77% to Rs 33.22 crore in the year ended March 2020 as against Rs 51.72 crore during the previous year ended March 2019. ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales7.2313.96 -48 33.2251.72 -36 OPM %-13.6913.11 -4.2413.81 - PBDT-1.211.37 PL 0.745.48 -86 PBT-1.301.19 PL 0.274.94 -95 NP-1.320.88 PL 0.183.54 -95

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First Published: Thu, August 06 2020. 09:35 IST