STL Networks posts losses as revenue and margins fall
STLNETWORK · price
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Board approved unaudited results for the September quarter and half year. Consolidated revenue fell 35% to Rs 230.79 crore for the quarter and 41% to Rs 420.74 crore for the half year. Earnings before interest, tax, depreciation and amortisation fell to Rs 7.59 crore and Rs 15.84 crore; net loss was Rs 19.29 crore and Rs 41.71 crore. Half-year operating cash outflow was Rs 71.47 crore. Auditor review found no material issue.
Revenue and margin declines, losses and cash burn create near-term pressure on earnings and the share price, despite no material review issue.