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Vaksons Automobiles – HY2-FY20 suffered Rs.2.24 crore loss against Rs.31.51 lacs loss in HY2-FY19

Vaksons Automobiles - HY2-FY20 revenue declined to Rs.2.98 lacs against Rs.8.60 crore in HY2-FY18-19.

Company : Vaksons Automobiles Ltd

Vaksons Automobiles announced its standalone financials for the half year ended on March 31, 2020

Following are the standalone financial figures for the HY2 ended March 2020

• Net loss reached Rs.2.24 crore against Rs.31.51 lacs loss in a year ago period.

• Revenue was Rs.2.98 lacs whereas last year corresponding period it was Rs.8.60 crore.

• Loss per share stood at Rs.0.34 against loss of Rs.0.05 in the previous year same period.

For the year that ended on 31st March, 2020, the company earned standalone total revenue of Rs.2.85 crore as compared to Rs.16.81 crore in the previous fiscal year.

Net standalone loss reached Rs.6.39 crore in FY2019-20 at Vaksons Automobiles as compared to Rs.29.74 lacs in the previous year.

Loss per share stood at Rs.0.97 against Rs.0.05 a year ago.

Consolidated financials at Vaksons Automobiles in FY2019-20 are as follows:

• HY2 Net loss reached Rs.1.75 crore

• HY2 revenue stood at Rs.3.50 crore

• HY2 loss per share was Rs.0.27

• Annual net loss reached Rs.7.01 crore while last year it was loss of Rs.35.64 lacs

• Annual revenue was Rs.14.54 crore against Rs.41.11 crore a year ago.

• Annual loss per share stood at Rs.1.07 against Rs.0.05 in the previous year.

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