Munoth Financial Services Reports Widened Loss in Q1
Munoth Financial Services Limited, operating in the capital market segment, reported a net loss of Rs 7.63 lakhs in Q1, compared to Rs 3.97 lakhs in the previous year. Revenue from operations increased to Rs 14.96 lakhs from Rs 13.72 lakhs. Total expenses rose to Rs 22.61 lakhs from Rs 17.70 lakhs. EPS declined to -Rs 0.15 from -Rs 0.08. The company's Board of Directors approved these unaudited financial results.
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Munoth Financial Services Limited , a company operating in the capital market segment, has reported its financial results for the first quarter. The company's performance shows a widened loss compared to the same period last year, despite a slight increase in revenue.
Financial Highlights
- Net Loss: Rs 7.63 lakhs vs Rs 3.97 lakhs (previous year)
- Revenue from Operations: Rs 14.96 lakhs vs Rs 13.72 lakhs (previous year)
- Total Expenses: Rs 22.61 lakhs vs Rs 17.70 lakhs (previous year)
- Earnings per Share (EPS): -Rs 0.15 vs -Rs 0.08 (previous year)
Key Financial Metrics
| Particulars | Current Quarter | Previous Year Quarter | Previous Full Year |
|---|---|---|---|
| Revenue from Operations (Rs) | 14.96 | 13.72 | 57.11 |
| Net Profit/(Loss) (Rs) | (7.63) | (3.97) | (36.03) |
| Total Expenses (Rs) | 22.61 | 17.70 | 85.65 |
| EPS (Rs) | (0.15) | (0.08) | (0.70) |
The company's Board of Directors approved these unaudited financial results in their meeting. The meeting commenced at 2:30 PM and concluded at 3:45 PM.
Performance Analysis
Munoth Financial Services experienced a challenging first quarter. While the company managed to increase its revenue from operations by approximately 9% year-over-year, rising from Rs 13.72 lakhs to Rs 14.96 lakhs, this growth was overshadowed by a significant increase in expenses.
Total expenses for the quarter rose by about 28%, from Rs 17.70 lakhs to Rs 22.61 lakhs. This surge in expenses outpaced the revenue growth, resulting in a wider net loss for the company.
The increased loss has impacted the company's earnings per share, which declined from -Rs 0.08 to -Rs 0.15, reflecting the challenging quarter for Munoth Financial Services.
Additional Information
The company operates solely in the capital market segment, as stated in their regulatory filing. The filing also notes that no complaints were received from shareholders or investors during the reported period.
Investors and stakeholders can access the detailed unaudited results on the BSE website ( www.bseindia.com ) and the company's official website ( www.munothfinancial.com ).
As the company navigates through these challenging times, stakeholders will be keenly watching for any strategic initiatives or operational changes that Munoth Financial Services might implement to improve its financial performance in the coming quarters.
Historical Stock Returns for Munoth Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.99% | -4.99% | +11.38% | +15.93% | +2.01% | +339.00% |
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