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Zuari Agro Chemicals net loss in March qtr widens to 304 cr on poor sales

Net income declined to Rs 1,031.93 crore during quarter under review from Rs 2,001.30 crore in the corresponding period of the preceding fiscal

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That apart, the company was unable to pass on the increase in prices of raw materials to farmers, which contributed to the cash flow mismatch and reduced financial flexibility of the company

Press Trust of India New Delhi

3 min read Last Updated : Jun 20 2020 | 3:47 PM IST

Zuari Agro Chemicals Ltd on Saturday said its consolidated net loss widened to Rs 304.60 crore during the fourth quarter of 2019-20 on poor sales.

The company's net loss stood at Rs 255.17 crore during the January-March period of the 2018-19 fiscal, it said in a regulatory filing.

Net income declined to Rs 1,031.93 crore during quarter under review from Rs 2,001.30 crore in the corresponding period of the preceding fiscal.

Expenses remained lower at Rs 1,266.73 crore as against Rs 2,154.90 crore earlier.

The company also said its board had given an in-principle approval for the sale of a fertiliser plant in Goa

Topics : Coronavirus Zuari Agro Chemicals Q4 Results farmers agricultural commodities

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