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Parnav Sports Academy incurred 0.06 lac loss in HY1 FY19-20

Parnav Sports Academy reported decrease in revenue by Rs.0.20 lacs in HY1 of FY2019-20 as compared to a year ago period.

Company : Parnav Sports Academy Ltd (ITP)

The Board of Directors at Parnav Sports Academy published the financial results of the company for the half year ending on 30th September, 2019 marking depreciation in total revenue and loss margins as compared to the corresponding period a year ago.

Following are HY1 financial figures of FY2019-20 at Parnav Sports Academy:

• Net loss reached Rs.0.06 lac while previous year same period it was post tax loss of Rs.0.07 lac.
• Pre-tax loss stood at Rs.0.06 lac as compared to loss before tax of Rs.0.29 lac in a year ago period.
• Total revenue of the company reached Rs.1 lac as against Rs.1.20 lac in a year ago period.

The total standalone earnings at Parnav Sports Academy in the financial year 2018-19 was Rs.2.40 lacs followed by net loss of Rs.0.23 lac.

Rs. in Lacs
Current Year Upto Previous Year Upto Previous Year
30/9/2019 30/9/2018 2018-2019
Income Statement
Revenue 0.00 0.00 0.00
Other Income 1.00 1.20 2.40
Total Income 1.00 1.2 2.4
Expenditure 0.99 1.18 2.31
Finance Cost 0.00 0.00 0.00
PBDT 0.01 0.02 0.08
Depreciation 0.07 0.31 0.62
PBT -0.06 -0.29 -0.53
Tax 0.00 -0.22 -0.30
Net Profit -0.06 -0.07 -0.23
Equity 1302.73 1302.73 1302.73
EPS 00.00 00.00 0.00

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