Nirma Declines On Quarterly Net Loss

Nirma Ltd.Today, Nirma Ltd touched a low of Rs 181 after the soaps and detergents maker posted an unaudited net loss of Rs 93.45 crore for the March quarter.
For the year-ago quarter, the company had recorded a net profit of 95.17 crore on an unaudited basis. The shares are now trading 3.5 per cent lower at Rs 186.55.
Nirma, based in Ahmedabad, is a group of companies making products ranging from soaps, cosmetics, detergents and salt. Presently, it has more than 13950 employees. Its major plants include linear alkyl benzene, industrial salt, packaging, alfa olefin sulfonate, industrial salt, soda ash, detergents, soaps, sulfuric acid, glycerin and single super phosphate.