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Drug firm Strides Arcolab today reported a net loss of Rs 48.26 crore for the quarter ended March 31, 2014.
The company had posted a net profit of Rs 31.57 crore for the corresponding period of previous fiscal, Strides Arcolab said in a filing to BSE.
Total income of the company for the quarter under consideration stood at Rs 256.73 crore. It was Rs 178.36 crore for the same period year ago, it added.
"The figures are not comparable as financial year has changed from Jan-Dec to April-March. Consequently financial year 2013-14 is for 15 months ending march 2014. Hence numbers for the two periods are not comparable," Strides Arcolab said.
In another filing to the BSE, Strides Arcolab said its board has recommended dividend of Rs 5 per share for the year ended March 31, 2014.
Shares of Strides Arcolab today closed at Rs 536.55 on the BSE, up 0.24% from its previous close.
