Greenply Industries suffers net loss of Rs 21 cr for Q4FY20

New Delhi: Greenply Industries Ltd suffered consolidated net loss of Rs 21 crore for the fourth quarter of the fiscal 2019-20 as compared to net profit of Rs 29 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenue from operations fell 12 percent to Rs 344 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 391 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated net profit dropped 40 percent to Rs 47 crore for the entire fiscal 2019-20 as compared to a net profit of Rs 79 crore in the previous fiscal.

The company’s consolidated revenue from operations went up marginally to Rs 1,420 crore for the entire fiscal 2019-20 as compared to Rs 1,412 crore in the previous fiscal.

The consolidated total expenses of the company declined to Rs 326 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 355 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company increased to Rs 1,313 crore in the 2019-20 fiscal as compared to Rs 1,309 crore in the previous fiscal, the company said in a regulatory filing.

 

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