Batliboi Limited Reports Net Loss of Rs 289.06 Lakhs in Q1
Batliboi Limited, an Industrial Equipment company, announced a net loss of Rs 289.06 lakhs for Q1, compared to a net profit of Rs 68.47 lakhs in the same quarter last year. Revenue from operations decreased to Rs 5,485.51 lakhs from Rs 6,219.08 lakhs year-over-year. Total expenses reduced marginally to Rs 5,975.91 lakhs. The company completed an amalgamation with Batliboi Environmental Engineering Limited, incorporated a new subsidiary, Bioconserve Renewables Envirotech Private Limited, and is seeking to divest part of its land and building assets in Surat.