Net Loss of Salona Cotspin reported to Rs 0.04 crore in the quarter ended March 2020 as against net loss of Rs 0.35 crore during the previous quarter ended March 2019. Sales rose 38.94% to Rs 37.07 crore in the quarter ended March 2020 as against Rs 26.68 crore during the previous quarter ended March 2019.

For the full year,net profit declined 28.22% to Rs 1.17 crore in the year ended March 2020 as against Rs 1.63 crore during the previous year ended March 2019. Sales declined 8.29% to Rs 121.85 crore in the year ended March 2020 as against Rs 132.87 crore during the previous year ended March 2019.

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Salona Cotspin will hold a meeting of the Board of Directors of the Company on 25 June 2020.

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Rama Steel Tubes Ltd, Motor & General Finance Ltd, Sreeleathers Ltd and Usha Martin Education & Solutions Ltd are among the other losers in the BSE's 'B' group today, 02 March 2020.

Salona Cotspin Ltd crashed 16.71% to Rs 60.3 at 14:37 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 3225 shares were traded on the counter so far as against the average daily volumes of 993 shares in the past one month.

Rama Steel Tubes Ltd lost 15.91% to Rs 34.1. The stock was the second biggest loser in 'B' group.On the BSE, 248 shares were traded on the counter so far as against the average daily volumes of 471 shares in the past one month.

Motor & General Finance Ltd tumbled 14.84% to Rs 33. The stock was the third biggest loser in 'B' group.On the BSE, 1674 shares were traded on the counter so far as against the average daily volumes of 388 shares in the past one month.

Sreeleathers Ltd slipped 10.24% to Rs 145.15. The stock was the fourth biggest loser in 'B' group.On the BSE, 324 shares were traded on the counter so far as against the average daily volumes of 1454 shares in the past one month.

Usha Martin Education & Solutions Ltd corrected 10.00% to Rs 0.81. The stock was the fifth biggest loser in 'B' group.On the BSE, 3419 shares were traded on the counter so far as against the average daily volumes of 1449 shares in the past one month.

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Net profit of Salona Cotspin rose 800.00% to Rs 0.27 crore in the quarter ended December 2019 as against Rs 0.03 crore during the previous quarter ended December 2018. Sales declined 13.35% to Rs 25.45 crore in the quarter ended December 2019 as against Rs 29.37 crore during the previous quarter ended December 2018.

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