Orient Bells suffers net loss of Rs 11 cr for Q1FY21

New Delhi: Tiles maker Orient Bells Ltd suffered a consolidated net loss of Rs 11 crore for the first quarter of the current fiscal as compared to a net profit of Rs 0.5 crore in the corresponding quarter of the previous fiscal.

The consolidated revenues from operations fell 65 percent to Rs 42 crore for the first quarter of the current fiscal as compared to Rs 120 crore in the corresponding quarter of the previous fiscal. 

The consolidated total expenses of the company declined to Rs 61 crore for the first quarter of the current fiscal as compared to Rs 121 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

 

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