Mawana Sugar posted a loss of Rs 34.12 crore in the January-March quarter of FY 10. The company had reported a profit of Rs 14.05 crore in the October-December quarter of the financial year.
In a filing to the stock exchanges, the company said, "The company manufactures sugar, which is a seasonal industry. As such, the performance in any quarter may not be representative of the annual performance of the company."
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