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EIH Ltd, has reported a loss of ₹1.31 crore for the period ending September 30, 2014. The company had reported a net profit of ₹7.03 crore at a net margin of 3.89 per cent for the corresponding period last fiscal.
According to a stock market filing, increased depreciation for the period by ₹8 crore was cited as the reason for “reduction of profits”. The depreciation for the quarter stood at approximately ₹32 crore.
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