EL Forge Q1 net loss narrows to Rs2.7 crore
Moneylife Digital Team 09 August 2010

Auto parts and equipment manufacturer EL Forge Ltd said its net loss narrowed to Rs2.7 crore for the 30 June 2010 quarter as compared to Rs4.9 crore a year ago due to robust revenues.

During the June 2010 quarter, the Chennai-based company's total revenues increased to Rs17.8 crore from Rs9.5 crore in June 2009 quarter, EL Forge said in a regulatory filing.

On Monday, EL Forge shares increased 3% to Rs27 on the Bombay Stock Exchange, while the Sensex closed 0.7% up at 18,278 points.

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