Adhunik Metaliks Ltd Tuesday said its standalone loss narrowed to Rs 250.26 crore for the quarter ended September 30.
It had posted a standalone loss after tax of Rs 297.87 crore in the year-ago period, the company said in a filing to the BSE.
The company's income dropped to Rs 5.87 crore in the quarter under review from Rs 183.57 crore in the corresponding quarter of the previous fiscal, it said.
The firm said it "has incurred significant amount of losses leading to erosion of net worth and the current liabilities exceeds the current assets."
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