HSIL Ltd suffers net loss of Rs 17 cr in Q1FY21

New Delhi: Sanitaryware and packaging products maker HSIL Ltd suffered a net loss of Rs 17 crore in the first quarter of the current fiscal as compared to a net profit of Rs 14 crore in the corresponding quarter of the previous fiscal.

Company’s revenues from operations fell 43 percent to Rs 251 crore for the first quarter of the current fiscal as compared to Rs 439 crore in the corresponding quarter of the previous fiscal. 

The total expenses fell to Rs 281 crore in the first quarter of the ongoing fiscal as compared to Rs 420 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

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