Kesoram Industries shares fell as much as 1.5 percent on July 11, a day after the company reported its Q1 FY25 earnings which saw its net loss widen on year.
At 09.22 am, shares of Kesoram Industries were trading at Rs 209.18 on the NSE.
The BK Birla Group company reported a net loss of Rs 62 crore in Q1 FY25, nearly doubling from a loss of Rs 32.4 crore recorded in the same quarter last fiscal.
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The increase in net loss was also driven by a year-on-year decline of 12 in the company's revenue. Its topline fell to Rs 879 crore in the June quarter, down from Rs 999 crore in the corresponding period of the previous fiscal year.
The company has reported net losses for 12 consecutive quarters, accompanied by erratic fluctuations in revenue.
The operational performance also remained weak as the company's EBITDA margin eroded to 8 percent in the quarter gone by, sharply lower than the 13.2 percent registered in the year-ago period.
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