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Max India reports consolidated net loss of Rs 13 cr in December quarter

The company had logged a net profit of Rs 347.22 crore a year ago

Max India | Q3 results

Press Trust of India  |  New Delhi 

Top level rejig at Max Group after Max India Ltd demerger

on Wednesday reported a consolidated net loss of Rs 13 crore for the third quarter ended December 2020.

The company had logged a net profit of Rs 347.22 crore a year ago.

However, the loss in Q3 FY21 narrowed sequentially from Rs 17.22 crore loss in the second quarter ended September 2020.

The total income of the company remained almost flat at Rs 34.20 crore during the quarter. It was Rs 34.23 crore in the year-ago period.

Shares of closed 0.16 per cent up at Rs 63.10 apiece on BSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, February 10 2021. 22:53 IST