CMI revenue rises sharply, but net worth is fully eroded

For the quarter ended June 30, 2024, revenue from operations rose to Rs 1,561.22 lakh from Rs 404.58 lakh a year earlier. The net loss widened to Rs 351.66 lakh from Rs 286.44 lakh. The limited reviewer gave no opinion because evidence was insufficient. Accumulated losses of Rs 15,489.85 lakh against paid-up capital of Rs 1,602.74 lakh fully eroded net worth. CMI remains in insolvency resolution, with its board suspended.