Omfurn India faces huge loss in the Financial Year that ended on .3.2019

Omfurn India announced the audited financial results for the half year and year ended on 31st March, 2019.

The Board of Directors of Omfurn India Limited approved the Financial Result of the company for the year that ended on 31st March, 2019. The revenue of the company stood by Rs. 3500.53 Lac on the year that ended on 31st March, 2019.

Omfurn India Limited had revenue of Rs. 1934.30 Lac by the half year that ended on 30th September, 2018, Rs.1566.23 Lac by the six months that ended on 31st March, 2019 and Rs. 2126.11 Lac by the end of the quarter of 31st March, 2018.

The standalone revenue of the company was Rs. 3500.53 Lac by the end of 31.3.2019 and Rs. 3367.80 Lac by the end of 31.3.2018. The company faced a revenue growth of Rs. 132.73 Lac by the end of 31st March 2019 as compared to that of the end of 31st March, 2018.

Omfurn India Limited has reportedly made a before tax profit of Rs.131.60 Lac by 30th September, 2018, loss of Rs. 117.50 Lac by the end of 31st March, 2019 quarter and profit of Rs. 146.02 Lac by the end of 31st March, 2018 quarter. The company made a before tax profit of Rs. 14.10 Lac by 31st March, 2019 which was less by Rs. 235.99 Lac than what the company made by the year end of 31st March, 2018.

The company made a profit of Rs. 103.05 Lac by the end of 30th September, 2019 and Loss of Rs. 117.23 Lac by the quarter that ended on 31.3.2019. The net standalone profit of the company stood at Rs. 189.99 Lac on 31.3.2018 which reduced to loss of Rs. 14.18 Lac by the end of 31st March, 2019.

Omfurn India Limited formerly known as Omfurn India Private Limited is leading modular furniture and prefinished wooden doors manufacturing company and has executed projects throughout of India. The company is in the business of undertaking and executing projects for corporate offices, 5 star hotel rooms, international schools, prefinished wooden doorframes and shutters and fire resistant doors for real estate developers.