GBL Industries Ltd records net profit of Rs 10.63 lakh for Q4FY20

New Delhi: GBL Industries Ltd’s net profit stood at Rs 10.63 lakh for the fourth quarter of the fiscal 2019-20 as compared net loss of Rs 49.03 lakh in the corresponding quarter of the previous fiscal.

The company reported nil revenue from operations for the fourth quarter of the fiscal 2019-20 as compared to Rs 3.03 crore in the same quarer of the previous fiscal. .

The company’s net loss stood at Rs 10.47 lakh for the entire fiscal 2019-20 as compared to a net profit of Rs 28 lakh in the previous fiscal. 

The company reported nil revenue from operations for the entire fiscal 2019-20 as compared to Rs 25 crore for the previous fiscal.

The total expenses of the company jumped to Rs 7.61 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 3.54 crore in the corresponding quarter of the previous fiscal. The total expenses of the company fell to just 13 lakh in the 2019-20 fiscal as compared to Rs 24 crore in the previous fiscal, the company said in a regulatory filing.

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