Duroply Industries suffers net loss of Rs 4.62 cr for Q4FY20

New Delhi: Duroply Industries Ltd suffered net loss of Rs 4.62 crore for the fourth quarter of the fiscal 2019-20 as compared to a net profit of Rs 17 lakh in the corresponding quarter of the previous fiscal.

The company’s revenues from operations fell 24 percent to Rs 42 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 55 crore in the corresponding quarter of the previous fiscal.

The company’s net loss stood at Rs 4.07 crore for the entire fiscal 2019-20 as compared to a net profit of Rs 98 crore in the previous fiscal.

The company’s revenues from operations fell 10 percent to Rs 206 crore for the entire fiscal 2019-20 as compared to Rs 228 crore in the previous fiscal.

The total expenses of the company fell to Rs 47 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 54 crore in the corresponding quarter of the previous fiscal. The total expenses of the company fell to Rs 211 crore in the 2019-20 fiscal as compared to Rs 227 crore in the previous fiscal, the company said in a regulatory filing.

 

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