Dwarikesh Sugar Industries today reported a net loss of Rs 1.40 crore for the quarter ended September 30, while it had a net loss of Rs 1.86 crore in the same period previous fiscal.
Net sales rose to Rs 94.74 crore for the same quarter, against Rs 73.81 crore in the same period corresponding fiscal, the company said in a filing to the Bombay Stock Exchange.
For the year ended September 30, the company had posted a net profit of Rs 25.07 crore, however it had a net loss of Rs 24.78 crore in the same quarter last year.
The board has proposed a dividend of Rs 1.50 per share to the shareholders of the company.