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Surani Steel Tubes: Rs.4.95 crore net loss against loss of Rs.13.63 lacs YoY


Revenue rises to Rs.98.05 crore against Rs.93.01 crore YoY. HY2-2019 PAT stood at Rs.34.53 lacs whereas last year HY2 marked Rs.54.87 lacs net loss.

Company : Suumaya Lifestyle Limited

Financial results for the annual and half year ended 31st March, 2020 released at Surani Steel Tubes shows rise in revenue and net profit

Below are the HY2 financial details of FY2019-20 at Surani Steel Tubes:

• Profit after tax stood at Rs.34.53 lacs compared to net loss of Rs.54.87 lacs in pervious year same period.

• Earnings per share is Rs.0.42 whereas last year corresponding period it was loss of Rs.0.89 per share

• Profit before tax reached Rs.16.84 lacs while previous year same period it was pre-tax loss of Rs.65.30 lacs.

For the year that ended on 31st March, 2020, the company earned total revenue of Rs.98.05 crore as compared to Rs.93.01 crore in the previous fiscal year.

Net loss stood at Rs.4.95 crorein FY2019-20 at Surani Steel Tubes showing a risein loss margins when compared to Rs.13.63 lacs net loss in the previous year. Loss per share stood at Rs.5.99 in FY19-20.


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