Amraworld Agrico Reports Net Loss of Rs. 5.48 Lacs in Q1 with Zero Revenue
Amraworld Agrico Limited (BSE: 531991) released unaudited Q1 results, reporting a net loss of Rs. 5.48 lacs compared to a profit of Rs. 273.64 lacs in the same quarter last year. The company recorded zero revenue, down from Rs. 279.80 lacs in the previous year. Total expenses were Rs. 5.48 lacs, including Rs. 0.81 lacs in employee benefits and Rs. 4.67 lacs in other expenses. The company's paid-up equity share capital remains at Rs. 1,203.00 lacs. The Board of Directors approved these results on July 24, and they have been reviewed by the Audit Committee and statutory auditors.
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Amraworld Agrico Limited, a company listed on the Bombay Stock Exchange (BSE: 531991), has released its unaudited financial results for the first quarter. The company faced significant challenges during the quarter, reporting a net loss and zero revenue.
Financial Performance
The company reported a net loss of Rs. 5.48 lacs for the quarter, a stark contrast to the profit of Rs. 273.64 lacs recorded in the same quarter of the previous year. This represents a considerable downturn in the company's financial performance.
Key financial highlights for the quarter:
| Particulars (in Rs. lacs) | Current Quarter | Previous Year Quarter | Change |
|---|---|---|---|
| Total Income | 0.00 | 279.80 | -100% |
| Total Expenses | 5.48 | 6.16 | -11% |
| Net Profit/(Loss) | (5.48) | 273.64 | -102% |
| EPS (in Rs.) | (0.00) | 0.23 | -100% |
Revenue and Expenses
Amraworld Agrico reported no revenue for the quarter, compared to Rs. 279.80 lacs in the corresponding quarter last year. This complete absence of income is a significant concern for the company.
Despite the lack of revenue, the company incurred total expenses of Rs. 5.48 lacs. These expenses primarily comprised:
- Employee benefit expenses: Rs. 0.81 lacs
- Other expenses: Rs. 4.67 lacs
Capital Structure
The company's paid-up equity share capital remained unchanged at Rs. 1,203.00 lacs, with a face value of Rs. 1 per share.
Board Meeting and Audit Review
The Board of Directors of Amraworld Agrico Limited approved these results in their meeting held on July 24. The meeting commenced at 04:45 PM and concluded at 05:15 PM.
The financial results have been reviewed by the Audit Committee and have undergone a limited review by the company's statutory auditors, BIPIN & CO. Chartered Accountants.
Outlook
The significant drop in revenue and the resulting net loss pose serious challenges for Amraworld Agrico Limited. Stakeholders will be keenly watching the company's future performance and any strategic initiatives it may undertake to address these financial difficulties.
Investors and analysts may seek further clarification from the company management regarding the reasons for the zero revenue and the plans to improve financial performance in the coming quarters.
Historical Stock Returns for Amraworld Agrico
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.70% | -2.56% | -17.39% | -28.97% | -36.13% | +90.00% |
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