Computer Point Limited Reports Net Loss of Rs 11.63 Lacs in Q1
Computer Point Limited announced unaudited Q1 results with a net loss of Rs 11.63 lacs, showing slight improvement from Q4 but a decline from last year's Q1 profit. Total revenue fell to Rs 0.94 lacs from Rs 109.62 lacs in Q4, with no income from operations. Total expenditure was Rs 12.58 lacs. The company's performance indicates ongoing financial challenges, with a significant drop in revenue and continued losses.
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Computer Point Limited has announced its unaudited financial results for the first quarter. The company reported a net loss of Rs 11.63 lacs, showing a slight improvement from the previous quarter but a significant decline from the same period last year.
Financial Performance
The Kolkata-based company's financial results, reviewed by the Audit Committee and approved by the Board of Directors, revealed the following key figures:
| Particulars (in Rs Lacs) | Q1 | Q4 | Q1 (Previous Year) |
|---|---|---|---|
| Total Revenue | 0.94 | 109.62 | 18.03 |
| Net Profit/(Loss) | (11.63) | (12.48) | 3.76 |
| Total Expenditure | 12.58 | 108.80 | 14.27 |
Revenue and Expenditure
Computer Point Limited's total revenue for Q1 declined significantly to Rs 0.94 lacs, compared to Rs 109.62 lacs in the previous quarter. Notably, the company reported no income from operations, with other income being the sole revenue source for the quarter.
The total expenditure for the quarter stood at Rs 12.58 lacs, primarily consisting of:
- Other expenses: Rs 12.40 lacs
- Depreciation: Rs 0.18 lacs
Comparative Analysis
The company's performance shows a mixed trend:
- Quarter-on-quarter: The net loss decreased marginally from Rs 12.48 lacs in the previous quarter to Rs 11.63 lacs in the current quarter.
- Year-on-year: There was a significant decline from a net profit of Rs 3.76 lacs in the same quarter of the previous year to a net loss of Rs 11.63 lacs in the current quarter.
Other Financial Metrics
- Paid-up equity share capital: Remained unchanged at Rs 3000.13 lacs
- Earnings per share (EPS): Rs 0.00 for the quarter
Management Review
The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors of Computer Point Limited. The board meeting commenced at 6:00 PM and concluded at 7:30 PM.
Investors and stakeholders should note that these are unaudited financial results for the quarter. The company's performance reflects challenges in generating operational income, with a heavy reliance on other income sources. The continued net loss, albeit slightly improved from the previous quarter, indicates ongoing financial pressures for Computer Point Limited.
Historical Stock Returns for Computer Point
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -1.20% | +1.65% | -6.27% | -24.39% | +1,197.37% |
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