EID Parry India has reported increase in net loss at Rs.42.8 crore during the third quarter ended December 31, 2014 against the net loss of Rs.12.5 crore in a year-ago period, on the back of operating losses. Third quarter is always described as a challenging period for the company. However, its net sales grew by 30 per cent to Rs.479.60 crore during the third quarter of this financial year when compared with Rs.368.59 crore a year ago.
On a consolidated basis, the company reported a net loss of Rs.13.22 crore as against a net profit of Rs.15.15 crore in a year-ago quarter. Net sales was up 11 per cent at Rs.3577.53 crore as against Rs.3214.02 crore.
