Sales decline 17.77% to Rs 51.14 crore
Net loss of Rasandik Engineering Industries India reported to Rs 1.33 crore in the quarter ended March 2014 as against net profit of Rs 1.20 crore during the previous quarter ended March 2013. Sales declined 17.77% to Rs 51.14 crore in the quarter ended March 2014 as against Rs 62.19 crore during the previous quarter ended March 2013.For the full year,net loss reported to Rs 5.49 crore in the year ended March 2014 as against net profit of Rs 3.21 crore during the previous year ended March 2013. Sales declined 21.38% to Rs 190.27 crore in the year ended March 2014 as against Rs 242.02 crore during the previous year ended March 2013.
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