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Home STOCKS BGR Power Methods Q4 effects: Report Rs 4.71 crore loss

BGR Power Methods Q4 effects: Report Rs 4.71 crore loss

New Delhi: BGR Electrical power Units on Tuesday documented a consolidated net loss of Rs 4.71 crore for the January-March quarter 2020.
The consolidated net profit of the organization was Rs 31.96 crore in quarter finished on March 31, 2019, a regulatory filing claimed.
Overall cash flow dropped to Rs 320.32 crore in the quarter from Rs 1,012.98 crore in very same time period past year.
For 2019-20, the organization posted a internet loss of Rs 9.57 crore versus consolidated net profit of Rs 15.10 crore in 2018-19.
Total income declined to Rs 2,734.49 crore in 2019-20 from Rs 3,275.59 crore in 2018-19.
Nationwide lockdown consequent to spread of COVID-19 pandemic experienced temporarily disrupted the functions of the firm, it stated
The manufacturing amenities and site executions all through the time period (March 23rd to March 31st, 2020) ended up inoperative, which alongside with the COVID affect globally (prior to the lockdown in India) impacted the revenues for the calendar year, it stated.
“Broadly, the affect on revenue for the calendar year is assessed at Rs 300 crore. Centered on the inside and external details up to the date approval of this monetary statements, the corporation expects to recover the carrying amounts of its assets,investments,trade receivables, contract assets and inventories,” it extra.


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