Maha Rashtra apex Corporation reported net loss of Rs 1.20 crore in the quarter ended March 2007 as against net loss of Rs 1.58 crore during the previous quarter ended March 2006. Sales declined 47.60% to Rs 1.20 crore in the quarter ended March 2007 as against Rs 2.29 crore during the previous quarter ended March 2006.

For the full year, net loss reported at Rs 1.57 crore in the year ended March 2007 as against net loss of Rs 0.85 crore during the previous year ended March 2006. Sales declined 35.82% to Rs 3.44 crore in the year ended March 2007 as against Rs 5.36 crore during the previous year ended March 2006.