Smruthi Organics Reports Net Loss of Rs 109.54 Lakhs in Q1
Smruthi Organics, a bulk drugs manufacturer, announced unaudited Q1 results showing a 30.36% year-over-year revenue decline to Rs 1,899.21 lakhs. Net loss widened to Rs 109.54 lakhs from Rs 92.30 lakhs in the previous year. Total expenses of Rs 2,063.30 lakhs exceeded total revenue of Rs 1,907.97 lakhs. The API segment generated Rs 1,893.58 lakhs in revenue with Rs 53.21 lakhs in result before interest and taxes. The Board approved these results on August 13, and auditors Gokhale & Sathe conducted a limited review.