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Indo Rama Synthetics Q2 net loss widens to Rs 32.62 cr

Press Trust of India  |  New Delhi 

Saturday said its net loss widened to to Rs 32.62 crore in the second quarter ended September 30, mainly on account of lower from operations.

The company had reported a net loss of Rs 17.62 crore in the same period previous fiscal.

In a regulatory filing, the company said it has secured additional working capital funds to ease the liquidity position and improve the capacity utilisation and believes that the profitability will improve over the next few years.

During the quarter under review, its total reduced to Rs 395.59 crore from Rs 618.95 crore in the July-September period of last fiscal.

However, its total expenses before exceptional items and came down significantly to Rs 442.90 crore from Rs 645.95 crore in the corresponding quarter of 2017.

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

First Published: Sat, November 10 2018. 21:20 IST