Pidilite Industries, makers of the adhesive Fevicol, today said its net loss in the third quarter of the current fiscal stood at Rs 9.27 crore, while it had a net profit of Rs 40.87 crore in the same period a year ago.
However, total income rose to Rs 409.89 crore in the December quarter from Rs 392.47 crore a year ago, Pidilite Industries said in a filing to the Bombay Stock Exchange.
For the nine-month period ended December 31, 2008, India's top adhesive and speciality chemicals manufacturer registered a net profit of Rs 78.81 crore, a decline of 49.10 per cent over the corresponding period a year ago.
It had a net profit of Rs 154.86 crore in the same period last financial year.
Shares of Pidilite Industries were trading at Rs 101.70, down 0.29 per cent in the afternoon trade on the BSE.