Himatsingka Seide Limited, a India-based manufacturer, retailer and distributor of home textiles, has reported decrease in its total income to ₹24,196 million in fiscal 2020 ended on March 31, 2020, compared to income of ₹26,542 million in previous year. Group’s profit for the year fell from ₹1,968 million in FY19 to ₹132 million in the reported fiscal.
Himatsingka Seide Limited, a India-based manufacturer, retailer and distributor of home textiles, has reported decrease in its total income to ₹24,196 million in fiscal 2020 ended on March 31, 2020, compared to income of ₹26,542 million in previous year. Group's profit for the year fell from ₹1,968 million in FY19 to ₹132 million in the reported fiscal.#
Profit before tax (PBT) during FY20 slipped to ₹851 million (₹3,080 million).
Himatsingka Seide Limited, a India-based manufacturer, retailer and distributor of home textiles, has reported decrease in its total income to ₹24,196 million in fiscal 2020 ended on March 31, 2020, compared to income of ₹26,542 million in previous year. Group's profit for the year fell from ₹1,968 million in FY19 to ₹132 million in the reported fiscal.#
The performance of the group in the fourth quarter (Q4) FY20 declined. Total income during Q4 FY20 dropped to ₹4,714 crore (Q4 FY19: ₹6,927 million). Group incurred a loss during the quarter of ₹688 million compared to profit of ₹483 million in same period prior year.
Fibre2Fashion News Desk (JL)
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