Ester Industries reports net loss of Rs 6.23 crore in Q4

Ester Industries has reported results for fourth quarter and year ended March 31, 2011.

Ester Industries has reported net loss of Rs 6.23 crore for the quarter ended March 31, 2011, against net profit of Rs 31.21 crore for the corresponding period last fiscal. Total income decreased by 11.23% at Rs 186.46 crore during the quarter under review from Rs 210.06 crore in the year-ago period.

The company’s consolidated net loss of Rs 13.92 crore for the year ended March 31, 2011, against net profit of Rs 129.45 crore for the corresponding period last fiscal.  However, total income increased by 4.16% at Rs 699.58 crore during the year under review from Rs 671.64 crore in the year-ago period.