Polymac Thermoformers Ltd’s net profit nosedives 94% to Rs 1.76 lakh in Q4FY20

New Delhi: Polymac Thermoformers Ltd’s net profit nosedives 94 percent to Rs 1.76 lakh in the fourth quarter of the 2019-20 fiscal as compared to Rs 29 lakh in the same quarter of the previous fiscal. 

The total income dropped 42 percent to Rs 2.58 crore in the fourth quarter of fiscal 2019-20 as compared to Rs 4.42 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

The company suffered a net loss of Rs 24 lakh for the whole fiscal 2019-20 as compared to a net profit of Rs 10 lakh in the previous fiscal. 

The total income fell 18 percent to Rs 5.79 crore in the whole fiscal 2019-20 as compared to Rs 7.02 crore in the previous fiscal. 

The total expenses of the company fell to Rs 2.56 crore in the fourth quarter of the last fiscal as compared to Rs 4.13 crore in the corresponding quarter of the previous fiscal. The total expenses of the company dropped to Rs 6 crore in the last fiscal as compared to Rs 6.89 crore in the previous fiscal.

 

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