Shriram Asset Management Co reports net loss of Rs 0.30 crore in the March 2009 quarter
Shriram Asset Management Co reported net loss of Rs 0.30 crore in the quarter ended March 2009 as against net profit of Rs 0.07 crore during the previous quarter ended March 2008. Sales declined 83.33% to Rs 0.02 crore in the quarter ended March 2009 as against Rs 0.12 crore during the previous quarter ended March 2008.
For the full year, net loss reported to Rs 0.44 crore in the year ended March 2009. Sales reported to Rs 0.03 crore in the year ended March 2009. The company has changed its year end from June 2009 to March 2009. Hence, the value for the full year ended March 2009 is for the period of 9 months.