Century Textiles Q3 net loss at Rs 10 crore

Net sales on a standalone basis were up 4.58% at Rs 1,875.66 crore

Century Textiles & Industries Ltd today said its standalone net loss has narrowed down to Rs 10.41 crore in the third quarter ended December 31.

The company had reported a net loss of Rs 63.58 crore in the October-December period a year-ago, Century Textiles & Industries informed BSE.

Net sales on a standalone basis were up 4.58 per cent at Rs 1,875.66 crore as against Rs 1,793.51 crore in the corresponding period of the last fiscal.

Revenue from textiles division, which manufactures yarn, cloth, denim, tyre yarn and VF yarn, was up 4.72 per cent to Rs 453.32 crore as against Rs 432.85 crore.

However, cement division was down 1.12 per cent to Rs 1,047.38 crore as against Rs 1,059.28 a year ago.

The pulp and paper division sales was up 26.53 per cent to Rs 499.15 crore in Q3 FY2015-16 from Rs 394.47 crore.

Others which include salt and chemical business was down 4.85 per cent to Rs 26.68 crore as against Rs 28.04 crore.

Century Textiles & Industries' shares on BSE were trading at Rs 526.40 in late afternoon, up 0.35 per cent.