Binani Industries has reported results for first quarter ended June 30, 2012.
On the standalone basis, the company has reported net loss of Rs 23.93 crore for the quarter ended June 30, 2012, against net profit of Rs 28.09 crore for the corresponding period last fiscal. However, total income increased by 16.23% at Rs 32.16 crore during the quarter under review from Rs 27.67 crore in the year-ago period.
Binani Industries is the holding company of the $1.6-billion Braj Binani Group. The business portfolio of Binani Industries includes sectors like cement, zinc, glass-fiber and downstream composite products.
