Apar Industries Ltd’s net profit falls 46% to Rs 23 cr for Q4FY20

New Delhi: Apar Industries Ltd’s consolidated net profit fell 46 percent to Rs 23 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 43 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenues from operations fell 26 percent to Rs 1,814 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 2,464 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated net profit fell marginally to Rs 135 crore for the entire fiscal 2019-20 as compared to a net profit of Rs 136 crore in the previous fiscal.

The company’s consolidated revenues from operations fell 6 percent to Rs 7,403 crore for the entire fiscal 2019-20 as compared to Rs 7,905 crore in the previous fiscal.

The consolidated total expenses of the company declined to Rs 1,783 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 2,398 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company declined to Rs 7,301 crore in the 2019-20 fiscal as compared to Rs 7,765 crore in the previous fiscal, the company said in a regulatory filing.

 

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