CMI reports Rs 633.26 lakh quarterly loss as insolvency process continues

During the insolvency process, CMI's suspended board approved unaudited results for the quarter and half year ended September 30, 2024. Quarter revenue was Rs 2,013.22 lakh and total income Rs 3,053.36 lakh, but net loss rose to Rs 633.26 lakh from Rs 351.66 lakh in June 2024. Half-year loss was Rs 984.92 lakh. The auditor said net worth was fully eroded, raised going-concern concerns and could not verify balances or pending cases.