Sintex Industries Ltd’s net loss trebles to Rs 294 cr for Q4FY20, full year loss at Rs 1,256 cr

New Delhi: Sintex Industries Ltd’s consolidated net loss almost trebled to Rs 294 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 91 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenues from operations fell 24 percent to Rs 444 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 591 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated net loss stood at Rs 1,256 crore for the entire fiscal 2019-20 as compared to a net profit of Rs 21 crore in the previous fiscal.

The company’s consolidated revenues from operations plunged 48 percent to Rs 1,701 crore for the entire fiscal 2019-20 as compared to Rs 3,256 crore in the previous fiscal.

The consolidated total expenses of the company jumped to Rs 823 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 731 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company declined to Rs 3,083 crore in the 2019-20 fiscal as compared to Rs 3,338 crore in the previous fiscal, the company said in a regulatory filing.

 

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