B K Birla Group firm Kesoram Industries' reported a net loss of Rs 199 crore in the quarter ended March on higher finance costs and tax outgo.
The company had reported a loss of Rs 62 crore for the corresponding period a year ago.
Net sales of the company, which has interests in tyre and cement manufacturing, fell to Rs 1,324 crore during the quarter as compared to Rs 1,469 crore a year ago.
Tyres segment contributed Rs 787 crore to the revenue in the period under review, down from 915 crore a year earlier.
Revenue from the cement business remained almost static at Rs 477 crore. Total expenses, however, declined to Rs 1,389 crore from Rs 1,454 crore.
Finance costs rose by Rs 23 crore to Rs 154 crore while current tax charges increased to Rs 35.25 crore from Rs 9.25 crore a year earlier.
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