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Category :
Company News
Headline :
Hind. Organi posts Q3 net loss of Rs 18.02 cr
Date:
09/02/2024 14:41
The company reported standalone net loss during the quarter stood at Rs 18.02 crore as compared to net loss of Rs 13.30 crore in the previous year quarter.
Net revenue of the company rose moderately by 7.47 per cent at Rs 186.82 crore in October-December quarter of this fiscal as against Rs 173.84 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 7.47 per cent to Rs 189.98 crore from Rs 176.78 crore in year ago period.
Other Income grew by 24.71 per cent at Rs 3.18 crore versus (Dec'22 Rs 2.55 crore).
Operating Profit surged by 6.78 per cent to Rs -3.15 crore as against Rs -2.95 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.59 per cent in December quarter.
Interest grew by 40.32 per cent y-o-y to Rs 17.68 crore
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