Autoline Industries, engaged in manufacturing sheet metal components, assemblies and sub-assemblies,  said it has narrowed down its consolidated September quarter loss to Rs 125.6 million. The company had posted a loss of Rs 183.1 million in the same quarter last year.

The company's revenue decreased 25.97% to Rs 615 million in the quarter ended September 2020 as against Rs 830.7 million during the previous quarter ended September 2019.

Total expenses decline 24.36% to Rs 746.9 million in the quarter ended September 2020 as against Rs 987.5 million in the same quarter last fiscal.

Autoline Industries EPS has reduced  to net loss of Rs 4.49 in September 2020 from net loss of Rs 6.78 in September 2019.

Shares of the company declined Rs 1.20, or 3.97%, to trade at  Rs 29.05.  The total volume of shares traded  was  1,229 at the BSE (1.12 p.m., Friday).