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Shree Renuka reports consolidated net loss of Rs 71.9 crore for Q4

30 May 2012 Evaluate

Shree Renuka Sugars has registered a consolidated net loss of Rs 71.9 crore for the quarter ended March, 2012 as compared to net profit of Rs 59.4 crore in the year-ago period. The total income from operations declined by 9.74% to Rs 1,661.00 crore in the quarter under review from Rs 1,840.30 crore in the corresponding period of last year.

The company has posted a net loss due to fall in other income to Rs 13.6 crore in the March quarter from Rs 46.1 crore in the year-ago period and rise in finance cost to Rs 207.8 crore from Rs 186.2 crore in the review period.

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