Max India cuts Q4 loss to Rs 1.4 cr

Max India has reduced loss to Rs 1.4 crore for the fourth quarter of FY12 from Rs 13.5 crore in the corresponding quarter of last fiscal.

Net sales increased nearly 49% to Rs 174 crore from Rs 117 crore during the same period.

Company's consolidated net profit spiked 1,622% over year earlier period to Rs 155 crore for the financial year 2011-12 and total income went up nearly 9% to Rs 8,546 crore YoY.

At 14:46 hours IST, the share was trading at Rs 192, up 1.29%. Its trading volumes increased 1,33,473 shares as compared to its 5-day average of 31,206 shares.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd