Birla Cable Ltd’s net profit nosedived to just 0.09 cr for Q4FY20

New Delhi: MP Birla Grp company Birla Cable Ltd’s net profit nosedived to just 0.09 crore for the fourth quarter of the 2019-20 fiscal as compared to net profit  Rs 5.08 crore in the same quarter of the previous fiscal. The revenue from operations slumped 42 percent to Rs 58.92 crore for the fourth quarter of 2019-20 fiscal as compared to Rs 100.36 crore in the same quarter of the previous fiscal.

For the entire fiscal 2019-20, the net profit of the company slumped to just Rs 1.01 crore as compared to Rs 47.03 crore in the previous fiscal. The revenue from operations slumped to less than half at Rs 223.07 crore as compared to Rs 502.31 crore in the previous fiscal, the company said in a regulatory filing.

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