Nagpur headquartered Jayaswal Neco Industries Ltd has reported a net loss of Rs 6.95 crore for the third quarter (Octber-December) of 2015-16.
The loss would have been much higher at Rs 15.16 crore had there was no reversal of tax payment of Rs 8.21 crore during the quarter.
Net sales during the quarter stood at Rs 573.22 crore, while total expenditure stood at Rs 545.64 crore.
Its profit before interest and exceptional items stood at Rs 36.83 crore, but interest burden of Rs 51.99 crore resulted in a net loss of Rs 15.16 crore.