Zuari Industries Ltd Faces Quarterly Net Loss Amid Rising Tax Expenses
Zuari Industries Ltd has reported a net loss of Rs 31 crore for the March quarter, largely due to increased tax expenses. Despite this, the company saw a rise in total income. The fiscal year ended with a net profit, contrasting with a loss in the previous year.
Zuari Industries Ltd disclosed a consolidated net loss of Rs 31 crore for the quarter ending in March, largely impacted by elevated tax expenses.
Compared to a loss of Rs 20.71 crore in the same period last year, the total income rose to Rs 299.54 crore, up from Rs 289.20 crore.
The company, a key player in various sectors such as sugar and real estate, adjusted for a significant increase in tax expenses while marking a net profit for fiscal 2025-26.
(With inputs from agencies.)
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