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Rupa & Company drops after dismal Q4 numbers

Capital Market 

Rupa & Company skid 6.89% to Rs 175.10 after the company reported consolidated net loss of Rs 4.28 crore in Q4 March 2020 compared with net profit of Rs 27.44 crore in Q4 March 2019.

Consolidated net sales slumped 55.4% to Rs 178.82 crore in Q4 March 2020 over Q4 March 2019. Consolidated profit before tax (PBT) tumbled 96.9% to Rs 1.37 crore in Q4 March 2020 as against Rs 44.48 crore in Q4 March 2019. Current tax expense dropped 89.6% to Rs 1.91 crore in Q4 March 2020 as against Rs 18.28 crore in Q4 March 2019. The result was announced after trading hours on Friday, 26 June 2020.

The COVID-19 pandemic has severely disrupted regular business operations due to lockdowns and other emergency measures. As a result, the volumes for the month of March 2020 has been impacted.

Meanwhile, the board has recommended a dividend of Rs 3 per share for the financial year 2019-2020.

Rupa & Company is a leading undergarments manufacturer and a leading hosiery and knitwear company in India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, June 29 2020. 15:25 IST