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News Details

( As on 15/02/2024 15:52)

Vaxtex Cotfab posts Q3 net loss of Rs 8.63 cr

The company reported standalone net loss during the quarter stood at Rs 8.63 crore compared to net profit of Rs 0.09 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 81.74 per cent at Rs 2.08 crore in October-December quarter of this fiscal as against Rs 11.39 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 16.32 per cent to Rs 10.72 crore from Rs 12.81 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.02 crore versus (Dec'22 Rs 0.00 crore).

Operating Profit surged by 508.45 per cent to Rs -8.64 crore as against Rs -1.42 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3222.96 per cent in December quarter.

Interest grew by 150.00 per cent y-o-y to Rs 0.01 crore