Moser Baer Q2 loss widens to Rs 87.62 cr
The total income of the company dipped marginally by 1.24 per cent at Rs 2,649.31 crore at the end of FY'12 from Rs 2682.63 during FY13.
Mathur said the company has seen increased shipments of its high margin Blu-ray products by over 50 per cent on quarterly basis during the reported quarter.
"We are shipping most of our product to international market. Most of our business, around 70 per cent, is coming from international market. For Blu-ray it is Japan, Western Europe and US. Solid State Media market is strong both in domestic and international market," Mathur said.
Mathur said with evolving of products in advanced technology format, the company expects growth in market share as well.
The Moser Baer CFO said the company is making efforts to reduce operational cost in power and other overheads.
The company has completed restructuring of its solar energy business arm – Moser Baer Photovoltaic – and has finalised scheme for restructuring of its another solar business firm Moser Baer Solar.
Among slew of measures for restructuring, the company is looking at technology upgradation of its solar business subsidiaries, he said.
Mathur expects some relief to come for domestic players from government by way of being given a level-playing field from imports through anti-dumping duty and domestic content regulation.
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