NEW DELHI, India — November 14, 2016 — Indo Rama Synthetics (India) Ltd. today announced its unaudited results for the quarter ended September 30, 2016.
For the quarter ended September 30, 2016, the Company achieved net revenue of Rs. 766.16 crore as against Rs. 695.03 crore in the corresponding quarter of the previous year. The operational EBIDTA for the quarter was Rs. 3.47 crore as compared to Rs. 0.60 crore in the corresponding quarter of last year. The Company has reported a net loss of Rs. 14.69 crore during the quarter ended September 30, 2016, as compared to net loss of Rs. 49.71 crore in corresponding quarter of last year.
The sales volume for the quarter increased to 93,708 tons as compared to 80,693 tons in the corresponding period of last year, reflecting an increase of 16.13%.
Posted November 18, 2016
Source: Indo Rama Synthetics (India)