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14/11/2023 21:52

Phaarmasia posts Q2 net loss of Rs 0.16 cr

The company reported standalone net loss during the quarter stood at Rs 0.16 crore as compared to net loss of Rs 0.29 crore in the previous year quarter.

Net revenue of the company rose substantially by 29.54 per cent at Rs 8.64 crore in July-September quarter of this fiscal as against Rs 6.67 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 26.88 per cent to Rs 8.92 crore from Rs 7.03 crore in year ago period.

Other Income grew by 42.86 per cent at Rs 0.20 crore versus (Sep'22 Rs 0.14 crore).

Operating Profit slipped by 25.00 per cent to Rs -0.27 crore as against Rs -0.36 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 41.59 per cent in September quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 0.00 per cent at Rs -0.01 crore (Sep'22 Rs -0.01 crore).