Tuesday, March 28, 2023
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HomeMarketResultsSintex Industries Q2 net loss widens to Rs 278 crore, expenses surge...

Sintex Industries Q2 net loss widens to Rs 278 crore, expenses surge 23%

Textiles maker on Monday reported widening of consolidated web loss to Rs 277.93 crore for September quarter 2022-23.

The corporate had incurred a web lack of Rs 181.92 crore throughout July-September interval a 12 months in the past, stated in a regulatory submitting.

Income from operations was up at Rs 692.16 crore from Rs 614.87 crore within the year-ago interval.

Whole bills have been at Rs 1,003.92 crore, larger by 23.03 per cent from the year-ago quarter.

goes by means of an insolvency decision course of. Its lenders have accredited the decision plan (RP) submitted by Reliance Industries collectively with Property Care & Reconstruction Enterprise on March 19, 2022.

The interim decision skilled (IRP) has submitted the RP earlier than the Ahmedabad bench of the Nationwide Firm Legislation Tribunal (NCLT) for its approval.

“As on date, approval of the decision plan is pending earlier than NCLT Ahmedabad,” Sintex Industries stated.

(Solely the headline and film of this report might have been reworked by the Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)

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