Mahip Industries - Net loss of Rs.8.13 crore in FY20 against Rs.49.16 lacs PAT YoY

Mahip Industries - CONSOL FY20 loss stood at Rs.8.13 crore against PAT of Rs.49.45 lacs YoY.

Mahip Industries declared its standalone and consolidated financial result for the annual and half year ended 31.03.2020 showing a fall in HY2 as compared to HY1.

Following are the HY2 standalone financials of FY19-20 at Mahip Industries:

1. Total revenue was Rs.5.80 crore whereas in HY1 it was Rs.17.97 crore.

2. Net loss for the half year was Rs.3.32 crore as compared to HY1 net loss of Rs.4.81 crore.

3. Loss per share in HY2 of FY19-20 stands at Rs.1.73 while in HY1 it was loss of Rs.2.50 per share.

By the end of FY2019-20 at Mahip Industries, standalone revenue was Rs.23.78 crore as compared to Rs.135.82 crore in a previous fiscal year.

Standalone net loss reached Rs.8.13 in FY2019-20 at Mahip Industries whereas the company earned net profit of Rs.49.16 lacs in the previous year.

Loss per share stood at Rs.4.23 in FY19-20 against EPS of Rs.0.35 in the preceding year.

Consolidated financials at Mahip Industries in FY2019-20 are as follows:

• HY2 Net loss reached Rs.3.32 crore against loss of Rs.4.81 crore in HY1

• HY2 revenue stood at Rs.5.80 crore while in HY1 it was Rs.17.97 crore

• HY2 loss per share was Rs.1.73 against loss of Rs.2.50 per share in HY1

• Annual net loss reached Rs.8.13 crore against Rs.49.45 lacs PAT last year

• Annual revenue was Rs.23.78 crore against Rs.135.83 crore a year ago.

• Annual loss per share stood at Rs.4.23 against EPS of Rs.0.35 in the previous year.