Indo Rama sees net losses reduce to Rs 14.2 cr in Q4

Synthetic fabric manufacturer reported almost flat revenues at Rs 693.47 cr compared to Rs 706.99 cr

Indo Rama Synthetics in the quarter ended March 31 saw it's losses narrow to Rs 14.2 crore compared to a loss of Rs 38.06 crore in the same period last year.

The synthetic fabric manufacturer reported almost flat revenues at Rs 693.47 crore compared to Rs 706.99 crore. Demand during the March quarter remained subdued for polyester which caused the company to see flat sales.