Arihant Superstructures Ltd’s net profit falls 37% to Rs 6.90 cr for Q4FY20

New Delhi: Realty player Arihant Superstructures Ltd’s consolidated net profit declined 37 percent to Rs 6.90 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 11.05 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenues from operations fell 74 percent to Rs 60 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 233 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated net profit of the company declined 80 percent to Rs 3.53 crore for the entire fiscal 2019-20 as compared to a net profit of Rs 18.32 crore in the previous fiscal.

The company’s consolidated revenues from operations fell 72 percent to Rs 67 crore for the entire fiscal 2019-20 as compared to Rs 239 crore in the previous fiscal.

The consolidated total expenses of the company fell to Rs 54 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 222 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company fell to Rs 63 crore in the 2019-20 fiscal as compared to Rs 220 crore in the previous fiscal, the company said in a regulatory filing.

 

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