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HMT posts Rs.24.25 crore loss in Q2

Loss

Bengaluru: Diversified manufacturing company HMT on Friday said it posted a standalone net loss of Rs.24.25 crore for the second quarter of 2015-16 against a net loss of Rs.24.68 crore in the same period last year.
According to the standalone unaudited financial results posted on the Bombay Stock Exchange (BSE), the company’s total income from operations declined to Rs.15.06 crore from Rs.17.51 crore, while it incurred a total expenditure of Rs.40.64 crore this year as against Rs.45.02 crore in the same quarter last year.

IANS