Diversified business entity Trident today posted a net loss of Rs 39.38 crore for the first quarter ended June 30, 2011, due to losses from ordinary activities.
The company had registered a net profit of Rs 10.59 crore in the first quarter of last financial year, it said in a filing to the Bombay Stock Exchange (BSE).
For the three months ended June 30, Trident's net sales grew 19.49% to Rs 696.73 crore, compared to Rs 583.08 crore in the corresponding quarter of the last year.
The company has operations in segments including yarn, textiles, chemicals, energy and paper.
Trident's scrips closed at Rs 13.79, down 0.14% from its previous close on the BSE.