JMC Project Ltd’s suffers net loss of Rs 54.76 cr for Q4FY20
New Delhi: Ahmedabad-based JMC Project Ltd’s consolidated net loss stood at Rs 54.76 crore for the fourth quarter of the 2019-20 fiscal as compared a net profit of Rs 35.24 crore in the corresponding period of the previous fiscal. The consolidated revenue from operations dipped marginally to 976.28 crore for the fourth quarter of the 2019-20 fiscal as compared to Rs 980.46 crore in the same period of the previous financial year.
The company is part of the Kalpataru Group.
For the entire fiscal 2019-20, the consolidated net profit of the company shrunk by a whopping 98 percent to Rs 1.20 crore as compared to a net profit of Rs 76.64 crore in the previous fiscal. The consolidated revenues from operations for the entire 2019-20 fiscal increased by about 11 percent to Rs 3,866.31 crore as against Rs 3,407.22 crore in the previous fiscal, the company said in a regulatory filing.