Raw Edge Industrial Solutions announced the unaudited standalone financial results for the half year ended on March 31, 2020 marking drop in profit and revenue.

Company : Riddhi Corporate Services Ltd

Standalone PAT decreased by Rs.54.16 lacs in the second six months period at Raw Edge Industrial Solutions compared to the corresponding period last year.

Revenue for the same period also saw decline by Rs.8.28 crore evaluated against a year ago period.

Following are the standalone HY2 financial figures of FY2019-20 at Raw Edge Industrial Solutions:

1. Profit before tax stands at Rs.62.41 lacs against Rs.1.23 crore in a year ago period.

2. Net profit reached Rs.50.90 lacs whereas preceding year same period it was Rs.1.05 crore.

3. Total revenue stands at Rs.24.30 crore compared to Rs.32.58 crore in the same period last year

4. EPS is Rs.0.61, while preceding year corresponding period it was Rs.1.49

The total standalone earnings at Raw Edge Industrial Solutions in the financial year 2019-20 was Rs.52.45 crore followed by PBT of Rs.1.46 crore and PAT was Rs.96.19 lacs.

In the preceding financial year revenue reached Rs.59.97 crore and PAT was Rs.2.29 crore.

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