Piramal Glass Q3 loss widens to Rs 37.14 cr

Piramal Glass Ltd  has posted a higher net loss of Rs 37.14 crore  in the third quarter ended December 2008 as against Rs 1.28 crore in the same period in 2007-08 due to rise in raw material costs and foreign exchange liabilities.

Its income from operations for the reporting quarter rose to Rs 276.02 crore from Rs 189.69 crore in October-December 2007, the company informed the Bombay Stock Exchange on January 20, 2009.Its expenditure rose to Rs 283.50 in Q3 from Rs 170.95 crore a year ago.The raw material cost grew sharply to Rs 63.60 crore from Rs 36.98 crore in Q3 of 2008-09. It incurred a foreign exchange loss of Rs 27.81 crore in the third quarter ended December 2008.

Read the full story.

600450 Piramal Glass Q3 loss widens to Rs 37.14 cr glassonweb.com
Date: 29 January 2009
Source: Business-standard.com/india

See more news about:

See more from these topics:

Others also read

Gone are the days when media facades were exclusive to the West. Over the past few years, this beautiful lighting concept has taken baby steps and is gradually gaining popularity in India.
Iranian manufacturers are actively mastering the global glass market, paying special attention to new technologies.
Give your projects the tint of luxury, and a hint of royalty with AIS Sunshield Royal Gold, the exciting new shade from India's leading heat reflective soft-coat glass.
International Exhibition for Flat Glass Processing, Products and Accessories in India.
The new Cummins Technology Center will house 2,000 engineers and features a 120,000 square-foot VS1 facade of glass and terracotta. The geometrically complex wall will be the largest faceted wall in the world.
Aludecor‘s Rustic series have been extensively used in this project.

Add new comment