 "Max India posts Rs 58 cr consolidated profit in Q2")
New Delhi: In a year-on-year turnaround, Max India today posted consolidated net profit of Rs 58.01 crore for the quarter ended 30 September 2011.
The firm’s consolidated net loss during the three months ended 30 September 2010 was Rs 96.86 crore, the company said in a statement.[caption id=“attachment_130829” align=“alignleft” width=“380” caption=“On a money making course. Image courtesy Max India “]  [/caption]
The entity’s consolidated net sales for the quarter under review increased 16.01 percent to Rs 1,806.06 crore as against Rs 1,556.68 crore in the same period last year.
On standalone basis, the company’ net loss for the quarter ended 30 September 2011 stood at Rs 10.37 crore. It had a net loss of Rs 18.95 crore in the year-ago period.
Its standalone net sales for the period under review increased 80.09 percent to Rs 174.75 crore, compared to Rs 97.03 crore in the same quarter of last year, it said in a filing to the BSE.
Max India’s scrips closed at Rs 182.30 per share, up 1.25 percent from the previous close on the BSE.
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