Orchid Chemical posts consolidated loss at Rs 11 cr in Q3

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Orchid Chemical posts consolidated loss at Rs 11 cr in Q3

Orchid Chemicals and Pharmaceuticals reported a consolidated net loss of Rs 11 crore in the third quarter of FY12 as against profit of Rs 57 crore in a year ago quarter, led by forex loss.

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Orchid Chemicals and Pharmaceuticals reported a consolidated net loss of Rs 11 crore in the third quarter of FY12 as against profit of Rs 57 crore in a year ago quarter, led by forex loss.

The company reported a forex loss of Rs 49 crore during the quarter versus gain of Rs 3.7 crore year-on-year.

Consolidated net sales increased marginally to Rs 482 crore from Rs 462 crore year-on-year.

EBITDA declined at Rs 129 crore in the October-December quarter of FY12 against Rs 131.3 crore in the corresponding quarter of last fiscal.