Surat Textile Mills Post Rs 0.70 Crore Net Loss in Q4

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Net Loss of Surat Textile Mills reported to Rs 0.70 crore in the quarter ended March 2014 as against net loss of Rs 0.98 crore during the previous quarter ended March 2013. Sales declined 35.63% to Rs 40.61 crore in the quarter ended March 2014 as against Rs 63.09 crore during the previous quarter ended March 2013.

For the full year, net profit declined 84.68% to Rs 1.16 crore in the year ended March 2014 as against Rs 7.57 crore during the previous year ended March 2013. Sales declined 16.65% to Rs 181.51 crore in the year ended March 2014 as against Rs 217.77 crore during the previous year ended March 2013.

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