Suven Life Q4 loss narrows to Rs25.55cr; stock ends 2% higher

Losses were lower as Suven saw a massive jump in Q4FY20 to Rs11.65cr in Q4 from Rs8.17cr in Q4FY19 and Rs8.62cr of Q3FY20.

Jun 05, 2020 04:06 IST India Infoline News Service

Suven Life Sciences
Suven Life Sciences' consolidated net loss narrowed to Rs25.55cr during March 2020 (Q4FY20) period, against losses of Rs39.43cr a year ago same period and Rs22.81cr of the preceding quarter.

Losses were lower as Suven saw a massive jump in Q4FY20 to Rs11.65cr in Q4 from Rs8.17cr in Q4FY19 and Rs8.62cr of Q3FY20.

However, in FY20, net loss has trebled to Rs94.21cr from Rs23.90cr in FY19. Meanwhile, total income was at merely Rs28.45cr compared to Rs312.91cr in FY19.

On Sensex, the company's stock finished at Rs34.95 per piece up by 2.04%.

The stock has clocked an intraday high and low of Rs35.95 per piece and Rs34.25 per piece respectively.

In the previous day, Suven's stock stood at Rs34.25 per piece.

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