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12/02/2024 18:31

Sudal Industries posts Q3 net loss of Rs 0.18 cr

The company reported standalone net loss during the quarter stood at Rs 0.18 crore as compared to net loss of Rs 10.51 crore in the previous year quarter.

Net revenue of the company declined moderately by 12.41 per cent at Rs 33.24 crore in October-December quarter of this fiscal as against Rs 37.95 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 19.00 per cent to Rs 32.05 crore from Rs 39.57 crore in year ago period.

Other Income dipped by 93.33 per cent at Rs 0.01 crore versus (Dec'22 Rs 0.15 crore).

Operating Profit surged by 174.07 per cent to Rs 1.20 crore as against Rs -1.62 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 184.51 per cent in December quarter.

Interest declined by 84.12 per cent y-o-y to Rs 0.94 crore