Dhruva Capital Services Reports Q1 Net Loss Despite Revenue Growth
Dhruva Capital Services Limited reported a net loss of Rs 53.62 lakh for Q1 FY2024, compared to a profit of Rs 31.56 lakh in Q1 FY2023. Revenue from operations increased by 72.4% to Rs 79.18 lakh. The loss was primarily due to a Rs 55.57 lakh provision for Non-Performing Assets and increased expenses. Total expenses rose to Rs 78.17 lakh from Rs 5.00 lakh year-over-year. The company appointed M/s Vikash Chamaria & Company as internal auditor and CS Niaz Ahmed as secretarial auditor. No dividend was proposed for the quarter.