You are here: Home » Companies » Results
Business Standard

Transformers and Rectifiers (India) reports Rs 3.6 crore loss for Q1

Transformers and Rectifiers (India) on Monday reported a consolidated net loss of Rs 3.6 crore for June quarter 2020-21 mainly due to lower revenues

Topics
Transformers and Rectifiers (India) | Q1 results

Press Trust of India  |  New Delhi 

Q1 results: Net profit of 113 firms up 10.8%, sales growth at 10-qtr low

on Monday reported a consolidated net loss of Rs 3.6 crore for June quarter 2020-21 mainly due to lower revenues.

It had a consolidated net profit of Rs 68 lakh in the same quarter of the previous fiscal year, the company said in a BSE filing.

Total income of the company declined to Rs 115.86 crore in the quarter under review from Rs 185.83 crore in the same period last year.

The company has an order book of Rs 1,068 crore as on September 1. Total order input during the quarter is around Rs 143 crore.

It said the COVID-19 pandemic caused interruption in production, supply chain disruption, unavailability of personnel, etc. during the lockdown period.

In assessing the recoverability of inventories, the company has considered the latest cost of buying, customer orders on hand and margins.

Production activities were ramped up from June 20 onwards along with all proactive majors for the safety of employees. Further from July 20 onwards, production activities are seen nearing pre- COVID-19 levels, it added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, September 14 2020. 17:35 IST
RECOMMENDED FOR YOU
.