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Banas Finance Lt posts Q3 net loss of Rs 0.26 cr

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Dion Global

06 Feb 2025

The company reported standalone net loss during the quarter stood at Rs 0.26 crore as compared to net loss of Rs 5.78 crore in the previous year quarter.

Net revenue of the company rose triple digit by 163.99 per cent at Rs 30.57 crore in October-December quarter of this fiscal as against Rs 11.58 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 78.53 per cent to Rs 31.10 crore from Rs 17.42 crore in year ago period.

Other Income grew by 16.67 per cent at Rs 0.07 crore versus (Dec'23 Rs 0.06 crore).

Operating Profit slipped by 90.92 per cent to Rs -0.53 crore as against Rs -5.84 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 96.57 per cent in December quarter.

Taxation increased by 0.00 per cent at Rs -0.20 crore (Dec'23 Rs 0.00 crore).