RHI Magnesita logs Rs 679 cr loss in Q4

New Delhi: Refractory maker RHI Magnesita India has posted a consolidated loss of Rs 678.90 crore during March FY23 quarter, on account of significant rise in expenses. It had clocked a net profit of Rs 99.83 crore during the January-March quarter of 2021-22 financial year (FY), the company said in a regulatory filing on Tuesday. The company's total income, however, increased to Rs 881.29 crore from Rs 592 crore in the same period a year ago.