Micro Inks in red, posts Q2 net loss of Rs 7.41 cr

MUMBAI: Printing inks manufacturer Micro Inks has posted a net loss of Rs 7.41 crore for the quarter ended September 30, as compared to net profit of Rs 16.09 crore for the same quarter last year.

The total income (net of excise) increased 1.28% to Rs 237.27 crore for the quarter ended September 30, up from Rs 234.26 crore a year ago, the company informed the BSE. The group posted a net loss of Rs 9.54 crore for the quarter ended September 30, as compared to net profit of Rs 15.11 crore for the same quarter last year.

The net operating income increased to Rs 304.08 crore for the quarter ended September 30, from Rs 278.09 crore a year ago.