Textile company S Kumars Nationwide today said its net profit stood at Rs 60.09 crore for the year ended March 31, 2009, while it had a net profit of Rs 178.13 crore in the same period previous fiscal.
"The financial results of the company for the year ended March 31, 2009 are not comparable with the results for the year ended March 31, 2008 on account of the subsidiarisation of 'Reid & Taylor' with effect from January 1, 2008," S Kumars Nationwide said in a filing to the Bombay Stock Exchange (BSE).
Net sales stood at Rs 1,550.23 crore in the latest quarter, however, it had a net sales of Rs 1,605.72 crore in the same quarter previous fiscal.
S Kumars Nationwide was trading at Rs 39.75 on the BSE, up 2.45 per cent from previous close.
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