Rs.45.29 lacs net in HY1 FY19-20 at Raw Edge Industrial Solutions

Raw Edge Industrial SolutionsLimited announced its financial results for the half year ended on September 30, 2019 showing drop in profit despite increase in revenue.

Company : Riddhi Corporate Services Ltd

Raw Edge Industrial Solutions Limited recently released the financial report for the

HY ended 30th September, 2019 marking a rise in revenue of over Rs.70 lacs.

Following are HY1 financials of FY2019-20 at Raw Edge Industrial Solutions:

• Total revenue reached Rs.28.15 crore whereas last year same period it was Rs.27.38 crore.

• Net profit reached Rs.45.29 lacs against Rs.1.24 crore in a year ago period.

• PBT is Rs.84.36 lacs whereas preceding year same period it was Rs.1.90 crore.

• Earnings per share for the current half year is Rs.0.54 as against Rs.1.68 in previous year same period.

In the recently concluded financial year on of 2018-19, total revenue at Raw Edge Industrial Solutions reached Rs.59.97 crore followed by a PBT of Rs.3.13 crore and PAT of Rs.2.29 crore.

Raw Edge Industrial Solutions is an innovation driven enterprise engaged in delivering fully integrated solutions of Raw Material supplies to large and medium industrial houses.

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	Current Year Upto	Previous Year Upto	Previous Year
	30/9/2019	30/9/2018	2018-2019
Income Statement
Revenue	2792.55	2734.21	5978.82
Other Income	22.95	4.13	18.20
Total Income	2815.50	2738.34	5997.03
Expenditure	2531.55	2436.95	5456.24
Finance Cost	95.50	64.31	134.33
PBDT	188.45	237.08	406.45
Depreciation	104.09	46.79	92.98
PBT	84.36	190.29	313.47
Tax	39.07	66.25	84.36
Net Profit	45.29	124.04	229.11
Equity	838.20	838.20	838.20
EPS	0.54	1.68	2.90