MUMBAI - NACL Industries Limited, a prominent player in the chemical sector, has reported a substantial net loss in the fourth quarter of 2023. The company's financial performance saw a downturn, with the net loss for the quarter reaching Rs.15.90 crores. This decline in profitability was accompanied by a decrease in total income, which fell to Rs.366.92 crores.
The company's struggles did not just manifest in its quarterly results but also reflected a challenging nine-month period ending December 31, 2023, during which NACL Industries posted a net loss of Rs.49.88 crores. These financial difficulties have had a tangible impact on investor sentiment, as observed in the stock market performance of the company's shares. The price of NACL Industries' stock has experienced a drop, with shares trading at Rs 73.90 on the National Stock Exchange (NSE).
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