Andhra Cement Ltd’s net loss jumps to Rs 54 cr for Q4FY20

New Delhi: Andhra Cement Ltd’s net loss jumped to Rs 54 crore for the fourth quarter of the fiscal 2019-20 as compared a net loss of Rs 33 crore in the corresponding quarter of the previous fiscal.

The company’s revenues from operations tanked 84 percent to Rs 10 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 74 crore in the corresponding quarter of the previous fiscal. 

The company’s consolidated net loss declined marginally to Rs 176 crore for the entire fiscal 2019-20 as compared to a net profit of Rs 180 crore in the previous fiscal.

The company’s revenues from operations declined 55 percent to Rs 142 crore for the entire fiscal 2019-20 as compared to Rs 321 crore in the previous fiscal.

The total expenses of the company declined to Rs 65 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 108 crore in the corresponding quarter of the previous fiscal. The total expenses of the company decreased to Rs 320 crore in the 2019-20 fiscal as compared to Rs 463 crore in the previous fiscal, the company said in a regulatory filing.

 

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