BF Utilities’ loss widens to Rs 26.2 mln

MUMBAI : BF Utilities Ltd  reported net loss of 26.20 mln rupees in quarter ended Mar 31 compared to loss of 14.75 mln rupees a year ago, on account of a 18.9% on-year rise in expenditure and 51.5% rise in finance cost. The company’s net sales in Jan-Mar were up 5.9% on-year at 34.17 mln rupees. At 1316 IST, shares of BF Utilities were traded at 610.10 rupees on the National Stock Exchange, up 8.8% from the previous close. During the quarter under review, the Baba Kalyani-promoted company’s  other expenses rose 89.6% on year to 22.7 mln rupees, while its finance cost rose to 14.18 mln rupees.