Net loss of B.L.Kashyap & Sons reported to Rs 12.34 crore in the quarter ended March 2019 as against net profit of Rs 26.02 crore during the previous quarter ended March 2018. Sales declined 37.19% to Rs 150.63 crore in the quarter ended March 2019 as against Rs 239.82 crore during the previous quarter ended March 2018.

For the full year,net profit declined 71.59% to Rs 13.92 crore in the year ended March 2019 as against Rs 48.99 crore during the previous year ended March 2018. Sales declined 20.09% to Rs 748.49 crore in the year ended March 2019 as against Rs 936.68 crore during the previous year ended March 2018.

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BL Kashyap & Sons will hold a meeting of the Board of Directors of the Company on 30 May 2019.

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B.L.Kashyap & Sons has allotted 1 crore equity shares to Samsara Fund Advisors on conversion of warrants on 15 February 2019. Subsequently, the paid up share capital has increased to 22,54,40,000 equity shares of Re 1 each.

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Net profit of B.L.Kashyap & Sons declined 53.66% to Rs 4.49 crore in the quarter ended December 2018 as against Rs 9.69 crore during the previous quarter ended December 2017. Sales declined 22.89% to Rs 187.07 crore in the quarter ended December 2018 as against Rs 242.60 crore during the previous quarter ended December 2017.

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