Burnpur Cement Ltd’s net loss jumps multi-fold to Rs 125 cr for Q4FY20

New Delhi: Burnpur Cement Ltd’s net loss jumped multi-fold to Rs 125 crore for the fourth quarter of the fiscal 2019-20 as compared net loss of Rs 3.11 crore in the corresponding quarter of the previous fiscal.

The company’s revenues from operations fell 27 percent to Rs 17.85 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 24 crore in the corresponding quarter of the previous fiscal.

The company’s net loss jumped multi-fold to Rs 128 crore for the entire fiscal 2019-20 as compared to a net profit of Rs 9.73 crore in the previous fiscal.

The company’s consolidated revenues from operations fell 10 percent to Rs 77 crore for the entire fiscal 2019-20 as compared to Rs 86 crore in the previous fiscal.

The total expenses of the company jumped to Rs 67 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 26 crore in the corresponding quarter of the previous fiscal. The total expenses of the company jumped to Rs 131 crore in the 2019-20 fiscal as compared to Rs 96 crore in the previous fiscal, the company said in a regulatory filing.

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