Kirloskar Brothers posts Rs 21 crore loss in Q4
Industrial solutions provider Kirloskar Brothers today reported a standalone net loss of Rs 20.64 crore for the quarter ended March 31, 2012.
By PTI | Updated:
NEW DELHI: Industrial solutions provider Kirloskar Brothers today reported a standalone net loss of Rs 20.64 crore for the quarter ended March 31, 2012.
The company had posted a net profit of Rs 20.53 crore in the corresponding period last fiscal, Kirloskar Brothers said in a filing to the BSE.
The total income from operations during the quarter declined by 27.34 per cent to Rs 523.55 crore from Rs 720.53 crore in the year-ago period, it added.
The Board of Directors has recommended a final dividend of Rs 2 per equity share.
The company also said its non-executive Vice Chairman Gautam Kulkarni has resigned due to "some personal reasons" with immediate effect.
For the entire 2011-12 fiscal, Kirloskar Brothers posted a 49.17 per cent fall in its net profit at Rs 31.19 crore from Rs 61.36 crore in the previous fiscal.
The total income from operations in FY'12 also went down 8.48 per cent to Rs 1,781.88 crore from Rs 1,946.89 crore in 2010-11, the filing said.
The shares of the company today closed 3.20 per cent up at Rs 137.05 apiece on the BSE.
The company had posted a net profit of Rs 20.53 crore in the corresponding period last fiscal, Kirloskar Brothers said in a filing to the BSE.
The total income from operations during the quarter declined by 27.34 per cent to Rs 523.55 crore from Rs 720.53 crore in the year-ago period, it added.
The Board of Directors has recommended a final dividend of Rs 2 per equity share.
The company also said its non-executive Vice Chairman Gautam Kulkarni has resigned due to "some personal reasons" with immediate effect.
For the entire 2011-12 fiscal, Kirloskar Brothers posted a 49.17 per cent fall in its net profit at Rs 31.19 crore from Rs 61.36 crore in the previous fiscal.
ADVERTISEMENT
The total income from operations in FY'12 also went down 8.48 per cent to Rs 1,781.88 crore from Rs 1,946.89 crore in 2010-11, the filing said.
The shares of the company today closed 3.20 per cent up at Rs 137.05 apiece on the BSE.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
