Now Reading: FirstCry Q1 loss narrows 35% to Rs 44 cr, revenue up 13%
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FirstCry Q1 loss narrows 35% to Rs 44 cr, revenue up 13%
FirstCry's net loss narrowed 35% year-on-year to Rs 44 crore in the June quarter, from Rs 66.5 crore in the same period last year. Sequentially, the loss declined about 9% from Rs…
The Story in Brief
FirstCry's net loss narrowed 35% year-on-year to Rs 44 crore in the June quarter, from Rs 66.5 crore in the same period last year. Sequentially, the loss declined about 9% from Rs 48.2 crore. Operating revenue rose 13% YoY to Rs 2,106.2 crore, though it dipped 3% from the previous quarter's Rs 2,162.7 crore.
Total income, including other income of Rs 48.9 crore, stood at Rs 2,153.1 crore. Total expenses, excluding depreciation and amortisation, increased 12% YoY to Rs 2,046.6 crore.
The Indian Opinion
The narrative that FirstCry is firmly on a profit path ignores the sequential revenue dip and still-rising expenses. Yes, the loss has shrunk, but a 3% quarter-on-quarter drop in operating revenue and a 12% jump in costs suggest the turnaround is not yet assured. The real test will come when the company reports festive quarter numbers: can it grow revenue faster than expenses?
Source: inc42.com
This story was synthesised by AI from the source linked above.
