Binani Ind loss widens to Rs 165 cr

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.

Story continues below this ad

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.

Tags:
business news

India win hands down, skip the handshake with Pakistan

Sports1 hr ago

Indian captain Suryakumar Yadav led his team to a dominant seven-wicket victory against Pakistan in the Asia Cup match, dedicating the win to the Armed Forces and mentioning the Pahalgam terror attack. Yadav's refusal to shake hands with the Pakistani players added to the intensity of the game. Despite the lack of drama, the match was action-packed.

View all shorts

Live Blog