Nagarjuna Agrichem Q4 net loss at Rs 10.81 cr

NEW DELHI: NagarjunaAgrichem Ltd, an arm of Nagarjuna Group, today reported consolidated net loss of Rs 10.81 crore in the fourth quarter ended on March 31 on account of lower sales.

It had posted a net profit of Rs 0.74 crore in the same quarter in the 2011-12 fiscal, the company said in a filing to the Bombay Stock Exchange ( BSE).

Profits were affected as the company's consolidated income from operations declined to Rs 106.87 crore in the fourth quarter of the 2012-13 fiscal from Rs 129.42 crore in the same quarter previous year.

For the entire 2012-13 fiscal, the company reported a consolidated net loss of Rs 12.66 crore compared to net profit of Rs 7.32 crore in 2011-12 fiscal.

Total income of the company fell to Rs 614.44 crore in the last fiscal from Rs 643.07 crore in 2011-12 fiscal.

Shares of Nagarjuna Agrichem closed 0.63 per cent down at Rs 4.75 apiece on the BSE.