Eldeco Housing and Industries Ltd’s net profit falls 20% to Rs 12.18 cr for Q4FY20

New Delhi: Eldeco Housing and Industries Ltd’s consolidated net profit declined 20 percent to Rs 12.18 crore for the fourth quarter of the fiscal 2019-20 as compared to a net profit of Rs 15.63 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenues from operations fell 36 percent to Rs 35 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 consolidated net profit increased marginally o Rs 39 crore for the entire fiscal 2019-20 as compared to a net loss of Rs 38 crore in the previous fiscal.

The company’s consolidated revenues from operations fell 23 percent to Rs 128 crore for the entire fiscal 2019-20 as compared to Rs 168 crore in the previous fiscal.

The consolidated total expenses of the company declined to Rs 20 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 35 crore in the corresponding quarter of the previous fiscal. The total expenses of the company declined to Rs 82 crore in the 2019-20 fiscal as compared to Rs 119 crore in the previous fiscal, the company said in a regulatory filing.

 

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