Vadilal Industries drops as net loss widens in Q3

Vadilal Industries fell 4.01% to Rs 232 at 15:15 IST on BSE after the company reported a net loss of Rs 9.53 crore in Q3 December 2014, higher than net loss of Rs 7.39 crore in Q3 December 2013.

The Q3 result was announced before market hours today, 20 February 2015.

Meanwhile, the S&P BSE Sensex was down 238.21 points or 0.81% at 29,224.06.

On BSE, so far 7,400 shares were traded in the counter as against average daily volume of 4,904 shares in the past two weeks.

The stock hit a high of Rs 240 and a low of Rs 231.60 so far during the day. The stock had hit a record high of Rs 313.70 on 21 November 2014. The stock had hit a 52-week low of Rs 124.10 on 20 February 2014.

Vadilal Industries' net sales rose 4% to Rs 65.50 crore in Q3 December 2014 over Q3 December 2013.

Vadilal Industries is an India-based company engaged in the business of manufacturing ice cream, frozen dessert and processing and exporting processed food products, such as frozen fruits, vegetable, canned pulp, ready-to-eat and ready-to-serve products.

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