Uniphos Enterprises Reports Wider Net Loss Despite Revenue Growth in Q1
Uniphos Enterprises Limited, an Indian trading company, reported a Q1 net loss of ₹7.36 crore, up from ₹1.42 crore last year, despite revenue growth of 93.6% to ₹58.58 crore. Total income reached ₹61.23 crore, but expenses of ₹68.59 crore led to an operational loss. The company appointed new Internal Auditors and recommended a dividend of ₹0.50 per equity share for the previous financial year.
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Uniphos Enterprises Limited , a trading company based in India, has reported a wider net loss for the first quarter, despite a significant increase in revenue. The company's financial results, approved by its Board of Directors on August 13, reveal mixed performance across various financial metrics.
Revenue Growth
Uniphos Enterprises saw a substantial rise in its revenue from operations, which increased to ₹58.58 crore in Q1, up from ₹30.25 crore in the same period last year. This represents a year-over-year growth of approximately 93.6%.
Widening Net Loss
Despite the revenue growth, the company's net loss expanded to ₹7.36 crore in Q1, compared to a loss of ₹1.42 crore in the corresponding quarter of the previous year. This increase in net loss indicates challenges in managing costs and expenses relative to revenue growth.
Operational Performance
The company's total income, including other income, stood at ₹61.23 crore for the quarter. However, total expenses amounted to ₹68.59 crore, resulting in an operational loss of ₹7.36 crore before tax.
Key Financial Metrics
| Particulars (in crore rupees) | Q1 Current | Q1 Previous |
|---|---|---|
| Revenue from Operations | 58.58 | 30.25 |
| Total Income | 61.23 | 38.18 |
| Total Expenses | 68.59 | 39.66 |
| Net Loss | (7.36) | (1.47) |
Other Developments
In addition to the financial results, Uniphos Enterprises announced the appointment of M/s. Shah A P & Associates, Practising Chartered Accountants, as Internal Auditors for the next financial year, commencing from the second quarter.
The company's Board of Directors had previously recommended a dividend of ₹0.50 per equity share for the previous financial year, subject to shareholder approval at the upcoming Annual General Meeting.
Uniphos Enterprises continues to operate solely in the trading business segment in India, with no reportable segments as per Ind AS 108 "Operating Segments". The company does not have any subsidiaries, joint ventures, or associate companies.
As Uniphos Enterprises navigates through challenges and opportunities in its trading operations, stakeholders will be closely monitoring its ability to leverage revenue growth into improved profitability in the coming quarters.
Historical Stock Returns for Uniphos Enterprises
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.86% | -0.36% | -0.31% | +5.90% | -2.78% | +146.59% |
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