Indo Rama Synthetics (India) Limited, India's largest dedicated polyester manufacturer, today announced its audited results for the quarter and financial year ended March 31, 2019.
For the quarter ended March 31, 2019, the Company's net revenue stood at Rs.437.43 crore as against Rs.521.08 crore of Q4 of the previous year. The Operational EBIDTA for the period stood at Rs.(85.81) crore as compared to Rs.8.84 crore in the corresponding quarter in the previous year. The net loss for the quarter ended March 31, 2019 is Rs.169.33 crore as compare to Rs.30.29 crore in the corresponding quarter in the previous year. The loss for the quarter includes exceptional loss of Rs. 115.19 crore.
For the financial year ended March 31, 2019 the net revenue stood at Rs.1,699.37 crore as compared to Rs.2,317.44 crore in the previous year. The Operational EBIDTA is Rs.(88.58) crore as compared to Rs.60.22 crore in the last fiscal year. The net loss of the Company is Rs. 271.06 crore for the current financial year as against Net Loss of Rs.82.69 crore during the last financial year.
Shares of INDO RAMA SYNTHETICS (INDIA) LTD. was last trading in BSE at Rs.35.65 as compared to the previous close of Rs. 35.6. The total number of shares traded during the day was 18000 in over 10 trades.
The stock hit an intraday high of Rs. 35.7 and intraday low of 35.65. The net turnover during the day was Rs. 641734.