Innovative Tyres and Tubes announced the financial results for the quarter ended 31st March 2020 with fall in revenue margins

Company : Jakharia Fabric Limited

Innovative Tyres and Tubes published financials results for the year ended 31st March 2020

Following are the standalone HY2 financial facts of Innovative Tyres and Tubes:

• Net loss stood at Rs.6.03 crore whereas preceding year same period it was profit of Rs.5.57 lacs.

• Loss per share was Rs.3.36 as compared to earnings of Rs.0.03 per share in a year ago period.

• Revenue reached Rs.66.05 crore while in the previous year same period it was Rs.84.50crore.

By the end of financial year 2019-20, Innovative Tyres and Tubes earned total standalone revenue of Rs.150.55 crore followed by net loss of Rs.9.82 crore.

In the previous year the company earned revenue of Rs.173.87 croread PAT was Rs.99.12 lacs.

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