The cash-strapped Vishal Retail has declared its fourth quarter financial results for the fiscal year 2009-10 and the reports have not been so impressive.

The company has posted a loss of Rs 128.93 crore for the quarter that ended in 31st March, 2010.

The net loss of the firm was reported to be Rs 114.73 crore for the fourth quarter last year. There has been a 12.38% rise in the net loss of the company. This result shows that the company is still struggling to come out of its huge debt burden.

Its loss figure has gone up further in this quarter as well. This has been informed by Vishal Retail in a filing at the Bombay Stock Exchange.

So far as the total income of the firm is concerned, it has rose to Rs 254.64 crore during the January-March period of fiscal year 2009-10. It has been grown up by 9.34% in this quarter against for the same quarter last year.

Last year it was reported to be having a total income of Rs 232.89 crore.