Cement manufacturer Chettinad Cement today reported a net loss of Rs 98.30 crore for the quarter ended March 31, 2009.
The company had a net profit of Rs 36.43 crore in the quarter ended March 2008, Chettinad Cement said in a filing to the Bombay Stock Exchange.
Total income of the company rose to Rs 314.97 crore for the quarter ended March 2009 from Rs 257.79 crore in the same period last year.
For the year ended March 2009, the company has posted a net loss of Rs 4.21 crore, however it had a net profit of Rs 163.77 crore in the same period last year.
The board of directors of the company has proposed a dividend of Rs 10 for the financial year ended March 31, 2009, subject to the approval of the shareholders.
Shares of Chettinad Cement today settled at Rs 409.90, up 1.69 per cent on the BSE.