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News Details

( As on 02/08/2024 18:20)

Celebrity Fashions L posts Q1 net loss of Rs 8.56 cr

The company reported standalone net loss during the quarter stood at Rs 8.56 crore compared to net profit of Rs 1.79 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 62.30 per cent at Rs 36.24 crore in April-June quarter of this fiscal as against Rs 96.12 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 53.24 per cent to Rs 42.09 crore from Rs 90.01 crore in year ago period.

Operating Profit slipped by 195.74 per cent to Rs -5.85 crore as against Rs 6.11 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 353.77 per cent in June quarter.

Interest declined by 51.10 per cent y-o-y to Rs 1.11 crore