TIL Ltd posts net loss

Material handling systems company TIL Ltd on Friday said it closed the first quarter of the current fiscal with a net loss of Rs.16.52 crore as against a net profit of Rs.96 lakh for the same period last year.

In a regulatory filing with BSE, TIL said its net total income from operations for the quarter stood at Rs.59.52 crore as against Rs.90.01 crore earned for the quarter ending June 30, 2014.