Max India posts net loss of Rs 1.75 cr

Max India today posted a net loss of Rs 1.75 crore for the first quarter ended June 30,2011.

Diversified business group Max India today posted a net loss of Rs 1.75 crore for the first quarter ended June 30,2011.

The company had posted a net loss of Rs 2.83 crore in the same period last financial year,Max India said in a filing to the Bombay Stock Exchange (BSE).

Net sales of the company rose to Rs 176.86 crore for the first quarter ended June 30,2011,compared to Rs 90.89 crore in the same period previous fiscal.

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Max India Ltd is engaged in various business verticals including insurance,healthcare,contract research and specialty films.

Shares of Max India today closed at Rs 186.35 on the BSE,up 2.96 per cent from previous close.

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