Riddhi Corporate Services - Standalone Q4-FY20 loss of Rs.50.45 lacs against PAT of Rs.4.77 crore QoQ.

Company : Rithwik Facility Management Services Ltd

Riddhi Corporate Services announced its standalone and consolidated financial results for the quarter ended on 31st March 2020 with a fall in profit and revenue margins.

Standalone Revenue for Q4 at Riddhi Corporate Services marks a decrease by Rs.4.29 crore in the current financial year of 2019-20.

Following are the standalone financial details of Q4 FY19-20 at Riddhi Corporate Services:

- The revenue reached Rs.21.55 crore, whereas last year same period it was Rs.25.84 crore.

- Net loss is Rs.50.45 lacs against profit of Rs.4.77 crore in a year ago period.

- Loss per share reached Rs.0.44 as against profit of Rs.4.20 in previous year, same period.

The standalone net loss for the financial year 2019-20 reached Rs.54.77 lacs with a revenue of Rs.81.71 crore and loss per share of Rs.0.48 at Riddhi Corporate Services.

In the previous year standalone revenue of the company was Rs.52.09 crore, followed by PAT of Rs.2.57 crore and EPS of Rs.2.26.

Below are the consolidated financial figures of Q4 FY2019-20 at Riddhi Corporate Services:

• Total revenue earned is Rs.21.52 crore marking a fall when compared against Rs.35.39 crore in a year ago period.

• Net loss reached Rs.1.47 crore whereas preceding same period it was profit Rs.2.95 crore

• Loss per share was Rs.1.29, while last year corresponding period it was earnings of Rs.2.59.

The consolidated net loss for the financial year 2019-20 reached Rs.1.44 crore with revenue of Rs.82.74 crore and earning per share of Rs.1.27 at Riddhi Corporate Services.

In the preceding year, the companys consolidated PAT stood at Rs.81.30 lacs with revenue of Rs.60.92 crore and EPS was Rs.0.71.

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