Crystal Business System Reports Q1 Loss of Rs 62.87 Lakh Amid Revenue Decline
Crystal Business System Limited, formerly Sadhna Broadcast Limited, reported a net loss of Rs 62.87 lakh in Q1, compared to a profit of Rs 7.35 lakh in the same quarter last year. Revenue from operations decreased by 44.2% to Rs 160.35 lakh. Total expenses increased to Rs 234.98 lakh, contributing to the loss. The company's EPS turned negative at Rs 0.06, down from Rs 0.01 in the previous year's quarter.
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Crystal Business System Limited , formerly known as Sadhna Broadcast Limited, has reported a significant downturn in its financial performance for the first quarter. The company's unaudited financial results, approved by the board on August 4, reveal a stark contrast to its performance in the same quarter of the previous year.
Financial Highlights
Net Loss: The company reported a net loss of Rs 62.87 lakh, a substantial decline from a profit of Rs 7.35 lakh in the corresponding quarter of the previous year.
Revenue: Revenue from operations saw a sharp decrease, falling to Rs 160.35 lakh from Rs 287.31 lakh in the same period last year, marking a 44.2% decline.
Total Expenses: Despite the revenue drop, total expenses increased to Rs 234.98 lakh, contributing significantly to the loss.
Loss Before Tax: The company incurred a loss before tax of Rs 63.22 lakh, compared to a profit in the previous year's quarter.
Earnings Per Share (EPS): The EPS turned negative at Rs 0.06, down from a positive Rs 0.01 in the corresponding quarter of the previous year.
Detailed Financial Overview
| Particulars (in Lakh) | Q1 Current | Q1 Previous | YoY Change |
|---|---|---|---|
| Revenue from Operations | 160.35 | 287.31 | -44.2% |
| Other Income | 11.40 | - | - |
| Total Income | 171.75 | 287.31 | -40.2% |
| Total Expenses | 234.98 | 277.75 | -15.4% |
| Profit/(Loss) Before Tax | -63.22 | 9.56 | -761.3% |
| Net Profit/(Loss) | -62.87 | 7.35 | -955.4% |
Management Commentary
The board of directors, led by Managing Director Bal Mukund Tiwari, approved these unaudited financial results during their meeting. The company has not provided specific comments on the factors contributing to the decline in performance.
Market Impact
The financial results were submitted to both BSE Limited and Metropolitan Stock Exchange of India Limited, where Crystal Business System is listed.
Looking Ahead
While the company faces challenges in the current quarter, it's important to note that these results are for a single quarter and may not necessarily reflect long-term trends. Investors and stakeholders will likely be watching closely to see how Crystal Business System addresses these financial headwinds in the coming quarters.
Crystal Business System Limited continues to operate from its registered office at 37, Second Floor, Rani Jhansi Road, Motia Khan, Paharganj, New Delhi.
Historical Stock Returns for Crystal Business System
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.46% | -2.22% | -0.45% | -20.00% | -31.03% | +136.56% |
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