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Shri Ram Switchgears suffered loss of Rs.3.08 crore in HY2 of FY19-20

Shri Ram Switchgears announced its standalone financial results with net loss of Rs.2.97 crore for the full year

Company : Shri Ram Switchgears Limited

Shri Ram Switchgears declared its financial result for the annual and half year ended 31.03.2020 showing a fall in HY2 revenue by Rs.7.77 crore as compared to HY1.

Following are the HY2 financials of FY19-20 Shri Ram Switchgears:

1. Total revenue for the six month ended 31.3.2020 was Rs. 11.28 crore whereas in HY1 it was Rs.19.06 crore.

2. Net loss for the half year was Rs.3.08 crore as compared to HY1 PAT of Rs.42.20 lacs.

3. Loss per share in HY2 of FY19-20 stands at Rs.0.41

By the end of FY2019-20 at Shri Ram Switchgears, revenue was Rs.23.00 crore as compared to Rs.28.96 crore in a previous fiscal year

Net loss reached Rs.2.97 crore in FY2019-20 at Shri Ram Switchgears whereas the company earned net profit of Rs.77.26 lacs in the previous year.

Loss per share stood at Rs.0.30 in FY19-20 against earnings per share of Rs.0.77 in the preceding year same period.

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