Revenue rises sharply, but Rs 121.64 lakh write-off hits consolidated results
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Quarterly revenue rose 268% to Rs 13.92 lakh standalone and 222% to Rs 15.27 lakh consolidated. Six-month revenue reached Rs 18.47 lakh standalone and Rs 21.01 lakh consolidated. Losses continued, while consolidated six-month operating cash flow was negative Rs 78.84 lakh. A Rs 121.64 lakh goodwill write-off after Ladam Foods was struck off created an exceptional charge. The review highlighted this matter without modification.
Revenue growth is positive, but the write-off, continued losses and negative operating cash flow create near-term pressure on earnings and the share price.