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Zuari Industries registers net loss of Rs 4.37 crore in Q4

14 May 2012 Evaluate

Fertiliser maker, Zuari Industries has registered a standalone net loss of Rs 4.37 crore for the fourth quarter ended March 31, 2012. The company had posted a net profit of Rs 21.42 crore in the year-ago period. The company’s net sales stood at Rs 23.54 crore during the quarter as compared to Rs 966.38 crore in the year-ago period, tumbled 97.56%.

During the fiscal 2011-12, the standalone net profit of the company declined 71.50% to Rs 47.56 crore from Rs 166.88 crore in the 2010-11 fiscal. The standalone net sales of the company stood at Rs 1,243.64 crore as compared to Rs 5,522.83 crore in the period under review.

The company reported a consolidated net loss of Rs 218.55 crore in the last fiscal from a net profit of Rs 247.52 crore in the 2010-11 fiscal. The consolidated net sales of the company stood at Rs 1,849.05 crore as against Rs 7,590.17 crore in the review period, down by 75.64%.

ZIL has recently demerged its fertiliser business into a separate entity, Zuari Holdings (ZHL).

Zuari Industries Share Price

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