AgenciesRelated
NEW DELHI: on Friday posted a consolidated net profit of Rs 294.13 for March quarter 2020-21 on the back of higher revenues.
The company had reported a loss of Rs 288.06 crore in the year-ago period, a BSE filing said.
Total income rose to Rs 1,134.58 crore in the quarter from Rs 636.67 crore in the same period a year ago.
The consolidated net loss of the company narrowed to Rs 393.97 crore in 2020-21 from Rs 2,166.94 crore in the previous year.
Total income in the fiscal year stood at Rs 3,065.87 crore compared to Rs 5,158.01 crore in 2019-20.
In preparation of the financial results, assessment of the recoverable value of its assets based on the internal and external information considers impact of COVID-19 and current indicators of future economic conditions.
CG Power said there was no material impact of COVID-19 on the company.
The company had reported a loss of Rs 288.06 crore in the year-ago period, a BSE filing said.
Total income rose to Rs 1,134.58 crore in the quarter from Rs 636.67 crore in the same period a year ago.
Did you Know?
Stock score of CG Power and Industrial Solutions Ltd moved up by 2 in 6 months.
View Latest Stock Report »The consolidated net loss of the company narrowed to Rs 393.97 crore in 2020-21 from Rs 2,166.94 crore in the previous year.
Total income in the fiscal year stood at Rs 3,065.87 crore compared to Rs 5,158.01 crore in 2019-20.
In preparation of the financial results, assessment of the recoverable value of its assets based on the internal and external information considers impact of COVID-19 and current indicators of future economic conditions.
CG Power said there was no material impact of COVID-19 on the company.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
