Archidply Ltd suffers net loss of Rs 1.9 cr for Q1FY21

New Delhi: Archidply Ltd suffered a net loss of Rs 1.9 crore in the first quarter of the ongoing fiscal as compared to a net profit of Rs 1.45 crore in the corresponding quarter of the previous fiscal.

The profit before tax (negative) stood at Rs 2.54 crore (loss) in the first quarter of the ongoing fiscal as compared to a profit of Rs 1.37 crore in the corresponding quarter of the previous fiscal.

The revenue from operations declined 60 percent to Rs 25 crore in the first quarter of the ongoing fiscal as compared to Rs 63 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

Wood based products of the company accounted for Rs 13 crore to the revenues while paper based products accounted for 11 crore to the revenues.

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