Suryajyoti Spinning Mills reported a net loss of ₹2.19 crore for the quarter ended December 31 as against a net loss of ₹2.39 crore in the corresponding quarter of last fiscal.
Lower sales and high finance costs are attributed to the loss. During the quarter, its total income from operations was ₹107.74 crore, down from ₹123.45 crore in the year ago period. The company’s finance cost was ₹11.77 crore during the period (₹9.50 crore).
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.