Udaipur Cement Works Co Ltd’s net loss narrows to Rs 2.46 cr for Q4FY20
New Delhi: Udaipur Cement Works Co Ltd’s net loss narrowed to Rs 2.46 crore for the fourth quarter of the 2019-20 fiscal against a net loss of Rs 3.86 crore in the same quarter of the previous fiscal. The revenue from operations dropped about 20 percent to Rs 158.54 crore in the fourth quarter of 2019-20 fiscal as compared to Rs 197.71 crore in the corresponding quarter of the previous fiscal.
The net profit of the company for the entire fiscal 2019-20 stood at Rs 15.52 crore as compared to a net loss of Rs 40.73 crore in the previous fiscal. The revenue from operations for the entire 2019-20 fiscal jumped about 15 percent to Rs 685.77 crore as against Rs 579.29 crore in the previous financial year, the company said in a regulatory filing.