Mahindra Composites net sales slips 5.5% y/y to USD2.2m in Q4 FY2011-12
One-time exceptional charge during fourth quarter impacts company’s earnings
Mahindra Composites has reported a 5.5% decline in net sales to INR146.2m (USD2.2m, 31 March 2012) in the fourth quarter ended 31 March 2012 compared with INR154.8m (USD3.5m, 31 March 2011) a year ago, the company said in a filing to Bombay Stock Exchange.
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