Athena Global Reports Decline in March 2023 Net Sales, down 58% YoY

Athena Global Technologies has released its consolidated quarterly result, revealing a decline in net sales. In March 2023, the company’s net sales amounted to Rs. 2.08 crore, showing a significant drop of 58% compared to the Rs. 4.96 crore recorded in March 2022.

Furthermore, the quarterly net loss for March 2023 stood at Rs. 7.50 crore, indicating a decrease of 164.74% in comparison to the Rs. 2.83 crore loss reported in March 2022.

The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for March 2023 was negative, amounting to Rs. 5.85 crore. This represents a decline of 151.07% from the EBITDA of Rs. 2.33 crore reported in March 2022.

Athena Global shares closed at 53.10 on May 31, 2023, on the BSE (Bombay Stock Exchange). Over the past six months, the company’s shares have experienced a negative return of -20.98%, and over the last 12 months, they have seen a decline of -21.57%.

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