Diversified business group Max India, on Thursday, reported a narrowing of net loss at Rs.1.39 crore for the fourth quarter ended March 31, 2012, driven by robust growth in speciality plastic products business.

The company had posted a net loss of Rs.13.47 crore in the corresponding period in the previous fiscal, Max India said in a filing to the BSE.

Total income for the fourth quarter, however, rose to Rs.194.43 crore from Rs.129.16 crore in the year-ago period. For the year ended March 31, 2012, net loss stood at Rs.15.44 crore against Rs.42.10 crore in the previous fiscal. Total income rose to Rs.747 crore from Rs.462.95 crore.

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