JK Agri Genetics Reports Rs 8.73 Cr Net Loss in Q4 FY24
May 20, 2024 17:03
JK Agri Genetics posted a net loss of Rs 8.73 crore in the March quarter due to higher expenses. The company's revenue rose to Rs 40.35 crore but expenses increased to Rs 52.94 crore.
New Delhi, May 20 (PTI) JK Agri Genetics on Monday said it has posted a net loss of Rs 8.73 crore for the fourth quarter of the 2023-24 fiscal on higher expenses.
The company's net loss widened from Rs 6.50 crore reported in the same quarter of the previous year.
During the January-March quarter, total income rose to Rs 40.35 crore from Rs 23.93 crore a year ago.
However, expenses remained higher at Rs 52.94 crore compared to Rs 33.10 crore in the said period.
For the full fiscal 2023-24, the company's net loss widened to Rs 20.82 crore as against Rs 10.79 crore in the previous fiscal.
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