Lancer Container Lines Ltd’s net profit jumps 5-times to Rs 2.52 cr for Q4FY20

New Delhi: Lancer Container Lines Ltd’s net profit jumped almost 5 times to Rs 2.52 crore for the fourth quarter of the fiscal 2019-20 as compared net profit of Rs 0.57 crore in the corresponding quarter of the previous fiscal.

The company’s revenues from operations jumped 16 percent to Rs 78 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 67 crore in the corresponding quarter of the previous fiscal.

The company’s net profit fell marginally to Rs 8.01 crore for the entire fiscal 2019-20 as compared to a net profit of Rs 8.22 crore in the previous fiscal.

The company’s consolidated revenues from operations jumped 34 percent to Rs 265 crore for the entire fiscal 2019-20 as compared to Rs 197 crore in the previous fiscal.

The consolidated total expenses of the company jumped to Rs 77 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 66 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company jumped to Rs 255 crore in the 2019-20 fiscal as compared to Rs 186 crore in the previous fiscal, the company said in a regulatory filing.

 

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