Indo Rama Synthetics (India) announced that CARE has revised the credit rating for bank facilities availed by the Company to CARE D.

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Net Loss of Indo Rama Synthetics (India) reported to Rs 15.57 crore in the quarter ended June 2017 as against net loss of Rs 16.56 crore during the previous quarter ended June 2016. Sales declined 8.30% to Rs 593.44 crore in the quarter ended June 2017 as against Rs 647.14 crore during the previous quarter ended June 2016.

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Indo Rama Synthetics (India) will hold a meeting of the Board of Directors of the Company on 14 August 2017, to consider and take on record Un-audited Financial Results of the Company, for the quarter ended 30th June 2017.

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Net loss of Indo Rama Synthetics (India) reported to Rs 14.83 crore in the quarter ended March 2017 as against net profit of Rs 87.24 crore during the previous quarter ended March 2016. Sales declined 16.35% to Rs 550.15 crore in the quarter ended March 2017 as against Rs 657.68 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 84.03 crore in the year ended March 2017 as against net profit of Rs 35.64 crore during the previous year ended March 2016. Sales declined 2.67% to Rs 2468.04 crore in the year ended March 2017 as against Rs 2535.66 crore during the previous year ended March 2016.

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