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Category :
Company News
Headline :
Shri Krishna Devcon posts Q3 net loss of Rs 0.30 cr
Date:
15/02/2024 17:12
The company reported standalone net loss during the quarter stood at Rs 0.30 crore compared to net profit of Rs 0.73 crore in the previous year quarter.ΓΏ
Net revenue of the company declined substantially by 42.88 per cent at Rs 3.85 crore in October-December quarter of this fiscal as against Rs 6.74 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 31.91 per cent to Rs 3.50 crore from Rs 5.14 crore in year ago period.
Operating Profit slipped by 78.13 per cent to Rs 0.35 crore as against Rs 1.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 61.63 per cent in December quarter.
Interest grew by 8.75 per cent y-o-y to Rs 0.87 crore, while Taxation decreased by 208.00 per cent at Rs -0.27 crore (Dec'22 Rs 0.25 crore).
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