SRS Q2 net loss at Rs 20.22cr

Diversified company SRS Ltd today posted a standalone net loss of Rs 20.22 crore in the second quarter of this fiscal due to sluggish sales.

The company had clocked a net profit of Rs 14.24 crore in the same period last year, the company said in a BSE filing.

The company's income during the second quarter of the fiscal declined sharply to Rs 155.77 crore from 1,093.26 crore in the year-ago period.

The company posted losses in its gold and jewellery as well as retail segments during the quarter.