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( As on 21/02/2023 15:32) Abhinav Leasing posts Q3 net loss of Rs 0.08 cr

The company reported standalone net loss during the quarter stood at Rs 0.08 crore compared to net profit of Rs 0.02 crore in the previous year quarter.ÿ

Net revenue of the company rose three fold by 514.01 per cent at Rs 22.35 crore in October-December quarter of this fiscal as against Rs 3.64 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 513.15 per cent to Rs 22.38 crore from Rs 3.65 crore in year ago period.

Other Income dipped by 25.00 per cent at Rs 0.03 crore versus (Dec'21 Rs 0.04 crore).

Operating Profit surged by 50.00 per cent to Rs -0.03 crore as against Rs -0.02 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 67.44 per cent in December quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.06 crore