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10/02/2024 22:01

Tulsyan NEC posts Q3 net loss of Rs 14.38 cr

The company reported standalone net loss during the quarter stood at Rs 14.38 crore as compared to net loss of Rs 25.05 crore in the previous year quarter.

Net revenue of the company rose moderately by 14.36 per cent at Rs 246.42 crore in October-December quarter of this fiscal as against Rs 215.48 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 6.13 per cent to Rs 248.04 crore from Rs 233.72 crore in year ago period.

Other Income grew by 781.48 per cent at Rs 2.38 crore versus (Dec'22 Rs 0.27 crore).

Operating Profit slipped by 91.12 per cent to Rs -1.62 crore as against Rs -18.24 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 92.20 per cent in December quarter.

Interest grew by 614.84 per cent y-o-y to Rs 9.15 crore