Binani Ind loss widens to Rs 165 cr

Written by Agencies | Updated: Apr 24 2012, 03:00am hrs
Widening its losses, Binani Industries has recorded Rs 164.88 crore loss in fiscal 2011-12.

The loss stood at Rs 45.43 crore in the previous fiscal.

The company's income from operations, however, increased to Rs 3,069.37 crore in FY12 from Rs 2,427.23 crore in FY11, a BSE filing showed.

For the fourth quarter ended March 31, 2012, net profit of the company stood at Rs 12.15 crore in the final quarter of last fiscal against a loss of Rs 11.41 crore in the year-ago period.

The company's income from operations grew to Rs 55.95 crore as against Rs 31.11 crore in January-March quarter of the previous fiscal.

Shares of Binani Industries today closed at Rs 121.50 apiece at the BSE, down 3.69 per cent over their previous close.