Max Ventures and Industries, (MaxVIL), a part of the leading Indian multi-business conglomerate Max Group, swung to a net loss on a consolidated basis for the quarter ended in September 2020. The company has made a net loss of Rs 22.11 million in the quarter, against a net profit of Rs 91.50 million in the last year period.

Revenue during the quarter declined 33.50% to Rs. 2,890.39 million from Rs.4,346.22 million in the previous year period.

Total expenses declined 37.62% to Rs. 2,629.88 million in the quarter ended September 2020 as against Rs 4,215.62 million in the same quarter last fiscal.

Max Ventures and Industries EPS made a net loss of Rs. 0.78 in September 2020 against a net profit of Rs. 0.57 in September 2019.

Shares of the company gained Rs 0.15, or 0.38%, to trade at  Rs 40. The total volume of shares traded  was  55,465 at the BSE (12.27 p.m., Monday).