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(24 Feb 2024, 07:35)

Rain Industries reports consolidated net loss of Rs 1118.75 crore in the December 2023 quarter

Sales decline 24.85% to Rs 4100.58 crore

Net loss of Rain Industries reported to Rs 1118.75 crore in the quarter ended December 2023 as against net profit of Rs 89.52 crore during the previous quarter ended December 2022. Sales declined 24.85% to Rs 4100.58 crore in the quarter ended December 2023 as against Rs 5456.81 crore during the previous quarter ended December 2022.

For the full year,net loss reported to Rs 937.91 crore in the year ended December 2023 as against net profit of Rs 1438.65 crore during the previous year ended December 2022. Sales declined 13.66% to Rs 18141.49 crore in the year ended December 2023 as against Rs 21011.00 crore during the previous year ended December 2022.

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