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Category :
Company News
Headline :
NCL Research posts Q1 net loss of Rs 2.16 cr
Date:
16/08/2024 15:20
The company reported standalone net loss during the quarter stood at Rs 2.16 crore compared to net profit of Rs 0.48 crore in the previous year quarter.ΓΏ
Net revenue of the company rose substantially by 27.78 per cent at Rs 1.38 crore in April-June quarter of this fiscal as against Rs 1.08 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 983.78 per cent to Rs 4.01 crore from Rs 0.37 crore in year ago period.
Other Income grew by 2325.00 per cent at Rs 0.89 crore versus (Jun'23 Rs -0.04 crore).
Operating Profit slipped by 470.42 per cent to Rs -2.63 crore as against Rs 0.71 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 389.83 per cent in June quarter.
Taxation increased by 147.06 per cent at Rs 0.42 crore (Jun'23 Rs 0.17 crore).
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