Net loss of Kirloskar Electric Company reported to Rs 6.31 crore in the quarter ended March 2017 as against net profit of Rs 2.95 crore during the previous quarter ended March 2016. Sales declined 9.03% to Rs 154.56 crore in the quarter ended March 2017 as against Rs 169.91 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 29.63 crore in the year ended March 2017 as against net loss of Rs 31.13 crore during the previous year ended March 2016. Sales rose 5.08% to Rs 575.56 crore in the year ended March 2017 as against Rs 547.75 crore during the previous year ended March 2016.

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Kirloskar Electric Company announced that Janaki Kirloskar has resigned from her office as a director of the company with from 11 February 2017.

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Net loss of Kirloskar Electric Company reported to Rs 12.33 crore in the quarter ended December 2016 as against net profit of Rs 1.31 crore during the previous quarter ended December 2015. Sales rose 17.87% to Rs 144.60 crore in the quarter ended December 2016 as against Rs 122.68 crore during the previous quarter ended December 2015.

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Kirloskar Electric Company will hold a meeting of the Board of Directors of the Company on 11 February 2017, to consider, the unaudited financial results for the quarter ended 31 December 2016.

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