You are here: Home » PTI Stories » National » News
Business Standard

Clariant Chemicals posts net loss of Rs 1.41 cr in Q1

Press Trust of India  |  New Delhi 

(India) Ltd today posted a net loss of Rs 1.41 crore in the first quarter of the current fiscal due to impact of transition and high raw material and other costs.

The company had clocked a net profit of Rs 14.06 crore in the same quarter last year, the company said in a filing.

"The quarterly performance saw an impact due to the goods and services (GST) transition, rising raw material costs, along with one time exceptional costs," the Mumbai-based company said.

Total fell marginally to Rs 280.38 crore in the April-June period of the 2017-18 fiscal from Rs 283.01 crore in year-ago.

Expenses remained high at Rs 282.65 crore as against Rs 262.17 crore in the said period.

The company's scrip fell by 2.58 per cent to settle at Rs 574.70 a piece on the today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 11 2017. 20:28 IST