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12/02/2024 17:01

Panyam Cement posts Q3 net loss of Rs 15.18 cr

The company reported standalone net loss during the quarter stood at Rs 15.18 crore as compared to net loss of Rs 13.45 crore in the previous year quarter.

Net revenue of the company rose two fold by 211.36 per cent at Rs 46.33 crore in October-December quarter of this fiscal as against Rs 14.88 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 99.09 per cent to Rs 54.47 crore from Rs 27.36 crore in year ago period.

Other Income grew by 9560.00 per cent at Rs 4.83 crore versus (Dec'22 Rs 0.05 crore).

Operating Profit slipped by 34.78 per cent to Rs -8.14 crore as against Rs -12.48 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 79.06 per cent in December quarter.

Interest grew by 0.00 per cent y-o-y to Rs 7.14 crore