JK Agri Genetics' Net Loss Widens Amid Rising Expenses
JK Agri Genetics reported a net loss of Rs 8.73 crore for Q4 of 2023-24, up from Rs 6.50 crore the previous year. Total income increased to Rs 40.35 crore, but higher expenses at Rs 52.94 crore led to an overall loss. The fiscal year's net loss widened to Rs 20.82 crore.
- Country:
- India
JK Agri Genetics on Monday said it has posted a net loss of Rs 8.73 crore for the fourth quarter of the 2023-24 fiscal on higher expenses.
The company's net loss widened from Rs 6.50 crore reported in the same quarter of the previous year.
During the January-March quarter, total income rose to Rs 40.35 crore from Rs 23.93 crore a year ago.
However, expenses remained higher at Rs 52.94 crore compared to Rs 33.10 crore in the said period.
For the full fiscal 2023-24, the company's net loss widened to Rs 20.82 crore as against Rs 10.79 crore in the previous fiscal.
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