Please find attached unaudited Results of the company
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Net Pix Shorts Digital Media has reported a weak set of unaudited half-yearly results. Revenue from operations fell to Rs 21.16 lakhs, down from Rs 30.74 lakhs in the same period last year (a ~31% decline). The company swung from a small profit before tax of Rs 4.88 lakhs to a loss of Rs 2.66 lakhs, and after a deferred tax adjustment, the loss for the period widened to Rs 7.06 lakhs versus a profit of Rs 3.08 lakhs earlier. Loss per share stood at Rs 0.22 versus earnings of Rs 0.10 previously. Operating cash flow was sharply negative at Rs (18.87) lakhs, much worse than Rs (1.97) lakhs in the prior year period, indicating the business is consuming cash. The auditor (B. L. Dasharda & Associates) issued an unmodified limited review report with no qualifications.
Shareholders should note shrinking top-line, a return to losses, and worsening cash burn. The stock, listed on BSE SME, is a small-cap digital content company and this set of numbers is likely to be viewed negatively by investors.