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New Delhi, July 25: : Widia India has reported sales of Rs 277.1 crore for an 18-month period ended June 30, 2003 with a loss before tax of Rs 61.85 crore caused largely by a one-time charge of Rs 65.41 crore. The board has also approved the change of name of the company to Kennametal Widia India Ltd.
For the 12-month period ended December 2001, Widia had net sales of Rs 185.95 crore and a profit after tax (PAT) of Rs 5.23 crore.
The company has since received permission from the Registrar of Companies to change the financial year from January 1-December 31 to July 1-June 30 and close the books of account for an 18-month period from January 1,2002 to June 30, 2003.
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