HFCL standalone net profit declines 96.12% in the March 2020 quarter
Sales decline 44.21% to Rs 610.77 crore
Net profit of HFCL declined 96.12% to Rs 2.00 crore in the quarter ended March 2020 as against Rs 51.49 crore during the previous quarter ended March 2019. Sales declined 44.21% to Rs 610.77 crore in the quarter ended March 2020 as against Rs 1094.68 crore during the previous quarter ended March 2019.For the full year,net profit rose 10.76% to Rs 203.83 crore in the year ended March 2020 as against Rs 184.03 crore during the previous year ended March 2019. Sales declined 18.76% to Rs 3547.30 crore in the year ended March 2020 as against Rs 4366.20 crore during the previous year ended March 2019.
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