Infomedia Press Reports ₹102.81 Lakh Net Loss in Q1, Continues to Evaluate New Business Options
Infomedia Press Limited reported a net loss of ₹102.81 lakh for Q1 ended June 30, slightly improved from ₹106.09 lakh loss in the same quarter last year. The company, which has discontinued operations, recorded no income and total expenses of ₹73.78 lakh, primarily finance costs. Accumulated losses have reached ₹11,089.89 lakh, resulting in negative net worth. Management is exploring new business opportunities, with financial support from holding company Network18 Media & Investments Limited.