BGR Energy's Quarterly Loss Swells Amid Rising Expenses

BGR Energy reported a standalone net loss of Rs 117.64 crore for the June 2024 quarter, driven by increased expenses. Despite a rise in total income to Rs 182.83 crore, expenses surged to Rs 300.47 crore, exacerbating the loss from Rs 90.95 crore in the same period last year.

BGR Energy's financial woes deepened in the June 2024 quarter, with the company's standalone net loss widening to Rs 117.64 crore due to rising expenditures.

The energy firm had recorded a loss of Rs 90.95 crore in the corresponding period of FY2023-24, as disclosed in its latest regulatory filing.

While total income climbed to Rs 182.83 crore from Rs 148.88 crore a year earlier, the company's expenses surged to Rs 300.47 crore from Rs 271.22 crore, intensifying the quarterly losses.

(With inputs from agencies.)