INOX POSTS LOSS IN LAST QUARTER, FY2020 ANNUAL PROFIT DOWN TO 12% OF FY 2019 | 9 June, 2020

INOX reported its fourth quarter results on 8th June, showing a revenue decline of 22.4% YoY to Rs. 371.6 crore. The coronavirus lockdown in the last month of the quarter played havoc with the reported figures. The annual profit for FY2020 was Rs. 15 crore only as against the profit of Rs. 133 crore in FY2019.

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