Vardhman Textiles incurs net loss in Q1

Leading Indian textile conglomerate Vardhman Textiles has reported a net loss of Rs. 430.8 million during the first quarter of fiscal 2011-12, as against a net profit of Rs. 787.2 million registered by the company during the corresponding period in previous fiscal.

The net sales of the company, however, increased to Rs. 9.60 billion during the April-June period, showing a growth of 19 percent over the company’s net sales during the same period last year.