Mumbai: Optical storage device maker Moser Baer India on Thursday said it has reported a net profit of Rs42.93 crore in the fourth quarter ended 31 March, whereas it had a net loss of Rs71.71 crore in the same period a year ago.
The company’s total income during the January-March quarter of FY’09 rose to Rs519.85 crore, from Rs486.80 crore in the same quarter last fiscal, Moser Baer India said in a filing to the Bombay Stock Exchange.
“With strong cash flow from operations, there are many positives for Moser Baer this quarter. With customers increasingly migrating to new and value-added formats, the optical media product is changing and this factor will impact volumes in the near term,” Moser Baer India Executive Director Ratul Puri said.
However, for the financial year ended 31 March, 2009, the company’s loss widened and it posted a net loss of Rs128.54 crore, while the same was at Rs78.91 crore in FY’08.
Meanwhile, total income during 2008-09 rose to Rs2,324.1 crore from Rs2,001.7 crore of last fiscal.
On Wednesday, shares of Moser Baer India closed at Rs66, up 1.15% on the BSE.