Moser Baer India June Quarter Loss Widens to Rs 189 Crore

Mumbai: Moser Baer India Ltd on Saturday reported a nearly doubled net loss of Rs.189.20 crore for the quarter ended June 2014.

The compact disc manufacturer had registered a net loss of Rs 98.50 crore in the corresponding period a year ago.

Total income from operations stood at Rs.270.67 crore and net loss at Rs.189.20 crore for the quarter ended June 20,2014 as against Rs.346.92 crore and net loss of Rs.98.50 crore logged during the comparable period the previous year, the company informed the BSE in a filing.

According to Moser Baer, its total accumulated losses stood at Rs.728.74 crore. The company's current liabilities exceed current assets by Rs.1,166.91 crore.