Shree Renuka Sugars clock lower circuit despite net loss narrows in Q4FY20

For the financial year FY20, the company posted a net profit of Rs1,949.8cr against loss of Rs2,037.4cr of FY19.

Jul 08, 2020 02:07 IST India Infoline News Service

On Wednesday, Shree Renuka Sugars clocked lower circuit on Sensex after the company announced its quarter and year-ended March 2020 (Q4FY20) period. In the latest quarter, the company's consolidated net loss has narrowed to Rs145.2cr compared to net loss of Rs587cr a year ago same period. Q4 bottom-line was better compared to the loss of Rs233cr of the preceding quarter.

During the period, the company's consolidated revenue from operations was at Rs1,374.8cr as against Rs1,416.1cr in Q4FY19 and Rs962.4cr of Q3FY20.

For the financial year FY20, the company posted a net profit of Rs1,949.8cr against loss of Rs2,037.4cr of FY19. The revenue was at Rs4,770.8cr compared to Rs4,479.5cr of the previous fiscal.

At around 2 pm, the company's stock was performing at Rs10.13 per piece, down by 4.97% on Sensex. 

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