The company had posted a net loss of Rs 41.02 crore for the same period of previous fiscal, SPARC said in a regulatory filing.
Income from operations declined to 23.05 crore for the third quarter as against Rs 33.55 crore in the same period of previous fiscal, it added.
The company's board, which met today, accepted the resignation of Sudhir Valia as the Chief Financial Officer of the company with effect from January 31, 2017.
The board has appointed Chetan Rajpara, currently Vice President Treasury of Sun Pharmaceutical Industries, as the Chief Financial Officer of the company with effect from February 1, 2017.
SPARC shares were trading at Rs 322.50 apiece on the BSE, down 0.98 per cent from previous close.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%