Shirpur Gold Refinery records loss of Rs 32 cr in Q1; revenue up 92%

ANIUpdated: Thursday, August 19, 2021, 05:16 PM IST
article-image
Shirpur Gold Refinery Ltd has a greenfield precious metal refinery with installed capacity to refine 217 metric tonnes of gold and silver per year in Shirpur and Dhule districts of Maharashtra/ Representational image | Photo: Pexels

Leading precious metal player Shirpur Gold Refinery Ltd (SGRL) has lowered its loss to Rs 32 crore in Q1 FY22 as against a loss of Rs 62 crore in the same quarter last year.

However, the company's revenue went up to Rs 1,348 crore as against Rs 702 crore in Q1 FY 21.

Half of India's gold refineries had shut down in the wake of Covid-19 and consequent slump in gold business due to lockdowns.

SGRL said it had negative earnings per share of Rs 10.8 in Q1 FY22 as against a negative EPS of Rs 21.2 in the same quarter last year.

SGRL has a greenfield precious metal refinery with installed capacity to refine 217 metric tonnes of gold and silver per year in Shirpur and Dhule districts of Maharashtra.

(If you have a story in and around Mumbai, you have our ears, be a citizen journalist and send us your story here. )

(To receive our E-paper on WhatsApp daily, please click here.  To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Tech layoffs: Amid job cuts, PWC to create 30,000 jobs in India in 5 years

Tech layoffs: Amid job cuts, PWC to create 30,000 jobs in India in 5 years

RBI repo rate hike was expected, says developers

RBI repo rate hike was expected, says developers

ICRA report shows 96% rise in India's domestic air passenger traffic for Jan

ICRA report shows 96% rise in India's domestic air passenger traffic for Jan

Online hiring for white collar jobs dropped by 2% in Jan

Online hiring for white collar jobs dropped by 2% in Jan

Tata Steel gets counter package for Port Talbot plant from UK government

Tata Steel gets counter package for Port Talbot plant from UK government