Indo Count, an India-based end-to-end bedding provider, has posted decrease in its revenue from operations to ₹331.75 crore during its first quarter (Q1) fiscal 2021 that ended on June 30, 2020 compared to revenues of ₹507.28 crore in same period previous year. Company’s net profit for the quarter were ₹17.70 crore (Q1 FY19: ₹34.67 crore).
Indo Count, an India-based end-to-end bedding provider, has posted decrease in its revenue from operations to ₹331.75 crore during its first quarter (Q1) fiscal 2021 that ended on June 30, 2020 compared to revenues of ₹507.28 crore in same period previous year. Company's net profit for the quarter were ₹17.70 crore (Q1 FY19: ₹34.67 crore).#
Group reported that the revenues and earnings of the quarter were impacted during the lockdown and ramp up period on account of Covid-19 conditions.
Indo Count, an India-based end-to-end bedding provider, has posted decrease in its revenue from operations to ₹331.75 crore during its first quarter (Q1) fiscal 2021 that ended on June 30, 2020 compared to revenues of ₹507.28 crore in same period previous year. Company's net profit for the quarter were ₹17.70 crore (Q1 FY19: ₹34.67 crore).#
Profit before Tax for the quarter slipped to ₹22.86 crore (₹51.99 crore). Net profit attributable to the owners were ₹18.0 crore (₹34.77 crore).
Indo Count, an India-based end-to-end bedding provider, has posted decrease in its revenue from operations to ₹331.75 crore during its first quarter (Q1) fiscal 2021 that ended on June 30, 2020 compared to revenues of ₹507.28 crore in same period previous year. Company's net profit for the quarter were ₹17.70 crore (Q1 FY19: ₹34.67 crore).#
Indo Count's manufacturing operations resumed in the last week of April 2020 following the gradual relaxation of lockdown conditions. Also, the retail stores in US and EU started regaining normalcy from June onwards, which helped group’s business gather momentum.
Fibre2Fashion News Desk (JL)
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