Century Textiles and Industries Q4 profit declines 44% to Rs 80 cr

Century Textiles and Industries on Wednesday reported 43.94 per cent decline in consolidated net profit at Rs 79.88 crore for March quarter 2019-20 due to the impact of Covid-19.

The company logged a profit ofRs 142.50 crore in January-March period a year ago, Century Textiles and Industries Ltd (CTIL) said in a BSE filing.

Revenue from operationswas at Rs 770.03 crore, down 8.67 per cent as compared to Rs843.14 crore in the year-ago quarter.

The Covid-19 pandemic in the last month of the FY2020 has affected all the businesses of CTlL, impacting the overall revenue adversely, Managing Director JC Laddha said.
 

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