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Standalone loss over Rs.5 crore in HY1 FY19-20 at Surani Steel Tubes

In spite of a marginal different in revenue in the first half of FY2019-20 at Surani Steel Tubes, the company dips in loss of Rs.5.30 crore.

Company : Surani Steel Tubes Limited

In HY ended 30.9.2019 total standalone revenue at Surani Steel Tubes Limited decreased by Rs.41.57 lacs as against Rs.51.24 crore in previous year corresponding period.

Following are the standalone HY1 financials at Surani Steel Tubes for FY19-20:

• Net loss was Rs.5.30 crore against PAT of Rs.41.23 lacs in a year ago period.

• Before tax loss reached Rs.4.85 crore whereas last year same period it was PBT of Rs.54.15 lacs.

• Revenue stands at Rs.50.83 crore

• Loss per share is Rs.6.40 compared to EPS of Rs.0.01 in the preceding year same period.

In the recently concluded financial year of 2019-20, Surani Steel Tubes Limited grossed a revenue of Rs.93.01 crore with pre-tax loss of Rs.11.14 lacs and post tax loss of Rs.13.63 lacs.

Result
Rs. in Lacs
Current Year Upto Previous Year Upto Previous Year
30/9/2019 30/9/2018 2018-2019
Income Statement
Revenue 5082.23 5124.02 9299.43
Other Income 0.89 0.68 1.59
Total Income 5083.12 5124.7 9301.02
Expenditure 5406.94 5010.8 9188.94
Finance Cost 99.24 40.78 86.24
PBDT -423.06 73.12 25.84
Depreciation 62.65 18.96 36.98
PBT -485.71 54.16 -11.14
Tax 44.7 12.92 2.49
Net Profit -530.41 41.24 -13.63
Equity 828.40 828.40 828.40
EPS -6.4 0.01 -0.22

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