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Category :
Company News
Headline :
Shree Ganesh Bio-Tec Q2 net profit down 93.33% at Rs 0.08 cr
Date:
08/11/2023 16:31
The company reported standalone net profit of Rs 0.08 crore for the quarter ended September 30, 2023 as compared to Rs 1.20 crore in the same period last year, registering a year-on-year decline of 93.33 per cent.
Net revenue of the company declined substantially by 81.07 per cent at Rs 4.12 crore in July-September quarter of this fiscal as against Rs 21.76 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 80.36 per cent to Rs 4.04 crore from Rs 20.57 crore in year ago period.
Operating Profit slipped by 93.28 per cent to Rs 0.08 crore as against Rs 1.19 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 66.42 per cent in September quarter.
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