Modern India reports standalone net loss of Rs 13.94 crore in the March 2020 quarter

Image
Capital Market
Last Updated : Jun 29 2020 | 6:50 PM IST

Sales decline 11.31% to Rs 15.37 crore

Net Loss of Modern India reported to Rs 13.94 crore in the quarter ended March 2020 as against net loss of Rs 0.14 crore during the previous quarter ended March 2019. Sales declined 11.31% to Rs 15.37 crore in the quarter ended March 2020 as against Rs 17.33 crore during the previous quarter ended March 2019.

For the full year,net loss reported to Rs 21.56 crore in the year ended March 2020 as against net loss of Rs 5.36 crore during the previous year ended March 2019. Sales declined 41.83% to Rs 44.48 crore in the year ended March 2020 as against Rs 76.46 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales15.3717.33 -11 44.4876.46 -42 OPM %-99.22-21.29 --48.85-15.42 - PBDT-15.570.48 PL -19.44-5.20 -274 PBT-16.59-0.43 -3758 -23.07-8.39 -175 NP-13.94-0.14 -9857 -21.56-5.36 -302

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 29 2020 | 6:17 PM IST

Next Story