Kalindee Rail swings to loss in Jan-Mar quarter

kalindeeKalindee Rail Nirman (Engineers) swung to a loss for the quarter ended March 2013. During the quarter, the company reported a loss of Rs 12.85 million compared with a profit of Rs 0.27 million in the same quarter previous year.

Net sales for the quarter declined 2.36% to Rs 628.22 million when compared with the prior year period.

Shares of the company declined Rs 1.05, or 1.91%, to settle at Rs 53.80. The total volume of shares traded was 13,998 at the BSE (Thursday).