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Indo Rama Synthetics posts steep drop in Q2FY17 net loss
16
Nov '16
Indo Rama Synthetics reported a steep drop in net loss at Rs. 14.69 crore, down 70.44 per cent during the three months ended September 30, 2016 compared to net loss of Rs. 49.71 crore in the same quarter of fiscal 2016. In the second quarter of fiscal 2017, the company posted net revenue of Rs. 766.16 crore, up from Rs. 695.03 crore in the fiscal ago quarter.

In the reporting quarter, operational EBIDTA surged to Rs. 3.47 crore as against Rs. 0.60 crore in the corresponding quarter of the earlier fiscal.

Indo Rama Synthetics also said that the sales volume in the quarter under review grew to 93,708 tons, up 16.13 per cent vis-à-vis 80,693 tons in the prior fiscal's second quarter. (AR)

Fibre2Fashion News Desk – India


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