Mumbai: Moser Baer India today announced a net loss of Rs20.45 crore for the third quarter of current fiscal.
The company had a net profit of Rs37.62 crore in the third quarter of the last financial year, the company said in a filing to the Bombay Stock Exchange.
The total income of the company rose to Rs534.86 crore in the latest quarter, from Rs515.02 crore in the year-ago period.
The board of directors of Moser Baer India has approved the acquisition of Moser Baer Entertainment Ltd from Moser Baer SEZ Developer Ltd, the company said.
Moser Baer SEZ Developer Ltd is a wholly-owned subsidiary of Moser Baer India.
The company is also planning to create content that would bring synergy with the existing home video business of the company.
Shares of the company were trading at Rs207, down 3.52% on the BSE from the previous close.