Somany Home Innovation Ltd’s net profit plunges 66% to Rs 2.31 cr for Q4FY20

New Delhi: Somany Home Innovation Ltd’s consolidated net profit plunged 66 percent to Rs 2.31 crore for the fourth quarter of the fiscal 2019-20 as compared net profit of Rs 6.74 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenue from operations fell 24 percent to Rs 364 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 483 crore in the same quarter of the previous fiscal. .

The company’s consolidated net profit plunged 60 percent to Rs 23 crore for the entire fiscal 2019-20 as compared to Rs 54 crore in the previous fiscal. 

The company’s revenue from operations fell marginally to Rs 1,613 crore for the entire fiscal 2019-20 as compared to Rs 1,670 crore for the previous fiscal.

The consolidated total expenses of the company fell to Rs 373 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 475 crore in the corresponding quarter of the previous fiscal. The total expenses of the company jumped to Rs 1,604 crore in the 2019-20 fiscal as compared to Rs 1,594 crore in the previous fiscal, the company said in a regulatory filing.

 

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