Sanghvi Forging & Engineering reports consolidated net loss of Rs 7.38 crore in the March 2020 quarter

Sales decline 52.86% to Rs 8.81 crore

Net Loss of Sanghvi Forging & Engineering reported to Rs 7.38 crore in the quarter ended March 2020 as against net loss of Rs 14.67 crore during the previous quarter ended March 2019. Sales declined 52.86% to Rs 8.81 crore in the quarter ended March 2020 as against Rs 18.69 crore during the previous quarter ended March 2019.

For the full year,net loss reported to Rs 5.33 crore in the year ended March 2020 as against net loss of Rs 20.06 crore during the previous year ended March 2019. Sales declined 6.09% to Rs 59.81 crore in the year ended March 2020 as against Rs 63.69 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales8.8118.69 -53 59.8163.69 -6 OPM %-60.0511.45 -8.436.26 - PBDT-5.26-12.55 58 3.19-11.47 LP PBT-7.38-14.67 50 -5.33-20.06 73 NP-7.38-14.67 50 -5.33-20.06 73

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