ITD Cementation India Ltd’s net loss narrowed to Rs 5.45 cr for Q4FY20

New Delhi: ITD Cementation India Ltd’s consolidated net loss narrowed to Rs 5.45 crore for the fourth quarter of 2019-20 fiscal as against a net loss of Rs 35.28 crore in the corresponding quarter of the previous fiscal.

The consolidated revenue from operations jumped about 25 percent to Rs 739 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 589 crore in the same quarter of the previous fiscal. 

For the entire financial year 2019-20, the consolidated net profit of the company fell by almost 50 percent to Rs 43 crore as compared to a net profit of Rs 83 crore in the previous financial year.

For the entire financial year 2019-20, the consolidated revenue from operations of the company fell about 9 percent to Rs 2,860 crore as compared to Rs 3,170 crore in the previous financial year, the company said in a regulatory filing.

The consolidated total expenses of the company jumped to Rs 716 crore in the fourth quarter of 2019-20 fiscal as against Rs 636 crore in the corresponding quarter of the previous fiscal. For the whole financial year 2019-20, the total expenses of the company fell to Rs 2,792 crore as compared to Rs 3,054 crore in the previous fiscal. 

The company proposed payment of dividend on 30 September 2020 of Re 0.30 per equity share on 17,17,87,584 equity shares of Re 1 each (30 percent ) for the fiscal 2019-20.

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