Eveready posts Rs 13.42 cr loss in FY07
Eveready Industries Ltd (EIL) on Friday reported a net loss of Rs 13.42 crore in 2006-07.
By PTI |
KOLKATA: Eveready Industries Ltd (EIL) on Friday reported a net loss of Rs 13.42 crore in 2006-07.
The company had posted a net profit of Rs 79.65 crore in 2005-06, which included an extraordinary profit of Rs 76 crore from sale of property.
Cost of raw material was the major reason for the poor financial performace during the year, EIL Vice-Chairman Deepak Khaitan told reporters here.
The company posted net loss despite higher net turnover at Rs 772.52 crore as against Rs 732.81 crore during the last financial year 2005-06.
The Khaitans took over the company from Union Carbide a decade earlier.
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