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Orbit Corporation reports net loss of Rs 8.54 crore in Q4

25 May 2012

Orbit Corporation has reported a net loss of Rs 8.54 crore for the fourth quarter ended March 31, 2012 as compared to a net profit of Rs 17.84 crore in the same period of previous fiscal.

However, the income from operation of the company rose to Rs 57.74 crore for the fourth quarter ended March 31, 2012, against Rs 51.69 crore in the same period of previous fiscal, up by 11.70%.

For the year ended March 31, 2012, the company posted a fall of 97.46% in its net profit of Rs 1.92 crore against Rs 75.49 crore in 2010-11. However, the income from operation of the company decreased 13.55% to Rs 308.48 crore for the year ended March 31, 2012, compared to Rs 356.81 crore in 2010-11.

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