Borosil Renewables slumps on reporting net loss of Rs 15 cr in Q3 FY23
Mumbai, Feb. 8 -- Revenue from operations jumped 34.29% to Rs 330.01 crore in Q3 FY24 from Rs 245.75 crore recorded in the corresponding quarter previous year.
The company recorded a pre-tax loss of Rs 18.17 crore in Q3 FY24 as against profit before tax of Rs 13.62 crore in Q3 FY23.
The profitability was dented as total expenses spiked 45.51% to Rs 351.94 crore in Q3 Fy24 as compared with Rs 241.86 crore in Q3 FY23. Cost of materials consumed was at Rs 96.43 crore (up 96.43% YoY), finance cost stood at Rs 7.43 crore (up 254.96% YoY) and employee benefits expenses was Rs 54.29 crore (up 68.83% YoY) during the period under review.
On 9-Month basis, the company reported consolidated net profit of Rs 1.18 crore in 9M FY24 steeply lower tha...
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