Sumit Woods announced its standalone and consolidated Q4 financial result of FY201920 showing fall in revenue and profit margins.

Company : Surani Steel Tubes Limited

As per the information provided by Sumit Woods, the board also approved its financial results for the quarter ended March, 2020

Following are the Q4 standalone financials at Sumit Woods in FY19-20

• The revenue was Rs.2.56 crore as compared to Rs.7.71 crore in the same period a year ago.

• Loss per share for the current half year was Rs.0.09 while in a year ago period it was profit Rs.2.43

• Net loss of Rs.60.33 lacs whereas previous year same period it was profit of Rs.3.71 crore

By the end of financial year 2019-20, Sumit Woods earned standalone total revenue of Rs.10.59 crore and PAT stood at Rs.2.73 crore.

Following are the consolidated Q4 financial figures of FY2019-20 at Sumit Woods:

• Total revenue earned is Rs.10.08 crore while previous year same period it was Rs.24.41 crore.

• Loss per share Rs.0.40 as compared to Rs.3.15 in a year ago period.

• Net loss of Rs.1.96 crore as against profit of Rs.5.46 crore in the corresponding period last year.

The total consolidated revenue at Sumit Woods in the financial year 2019-20 was Rs.49.96 crore and PAT was Rs.5.99 crore.

Recent Stories