Strides Arcolab has reported results for second quarter ended June 30, 2012.
On standalone basis, the company has reported a net loss of Rs 19.90 crore for the quarter ended June 30, 2012, against net profit of Rs 14.60 crore for the corresponding period last fiscal. However, total income increased by 1.09% at Rs 199.84 crore during the quarter under review from Rs 197.68 crore in the year-ago period.
On consolidated basis, the company has posted a rise of 31.34% in its net profit at Rs 90.48 crore for the quarter ended June 30, 2012 as compared to Rs 68.89 crore for the same quarter in the previous year. However, total income has decreased by 7.74% at Rs 550.55 crore for quarter under review as compared to Rs 596.74 crore for the quarter ended June 30, 2011.
