LML Q2 loss reduces to Rs 14.89 crore

Two-wheeler maker LML today reported narrowing of its loss to Rs 14.89 crore for the second quarter ended September 30, 2013.

The company had posted a loss of Rs 19.61 crore in the same period of previous fiscal, LML said in filing to BSE.

Company's net sales increased to Rs 65.51 crore in the July-September 2013 quarter compared to Rs 45.51 crore in the same period a year ago.

Shares of the company were trading at Rs 5.55 per scrip on BSE during the afternoon trade, up 1.46 per cent from their previous close.