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13/02/2024 18:42

Nirav Commercial posts Q3 net loss of Rs 0.19 cr

The company reported standalone net loss during the quarter stood at Rs 0.19 crore compared to net profit of Rs 0.13 crore in the previous year quarter.ÿ

Net revenue of the company declined by 0.00 per cent at Rs 1.98 crore in October-December quarter of this fiscal as against Rs 1.98 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 12.94 per cent to Rs 2.27 crore from Rs 2.01 crore in year ago period.

Other Income grew by 5.26 per cent at Rs 0.20 crore versus (Dec'22 Rs 0.19 crore).

Operating Profit surged by 866.67 per cent to Rs -0.29 crore as against Rs -0.03 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 863.82 per cent in December quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 200.00 per cent at Rs 0.06 crore (Dec'22 Rs 0.02 crore).