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Category :
Company News
Headline :
Purple Finance posts Q1 net loss of Rs 4.23 cr
Date:
30/07/2024 10:20
The company reported standalone net loss during the quarter stood at Rs 4.23 crore as compared to net loss of Rs 2.35 crore in the previous year quarter.
Net revenue of the company rose triple digit by 173.97 per cent at Rs 2.00 crore in April-June quarter of this fiscal as against Rs 0.73 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 81.65 per cent to Rs 5.05 crore from Rs 2.78 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.13 crore versus (Jun'23 Rs 0.00 crore).
Operating Profit surged by 48.78 per cent to Rs -3.05 crore as against Rs -2.05 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 45.74 per cent in June quarter.
Interest grew by 1640.00 per cent y-o-y to Rs 0.87 crore, while Taxation increased by 0.00 per cent at Rs 0.08 crore (Jun'23 Rs 0.00 crore).
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