Goenka Business & Finance Reports – Decline in March-23 Net Sales, down 88.16% YoY

Goenka Business & Finance has released its standalone quarterly numbers, revealing a significant drop in net sales. In March 2023, the company’s net sales amounted to Rs. 30.40 crore, representing a substantial decline of 88.16% compared to the Rs. 256.80 crore recorded in March 2022.

Furthermore, the quarterly net loss for March 2023 stood at Rs. 1.57 crore, indicating a staggering decrease of 526.34% from the Rs. 0.37 crore loss reported in March 2022.

The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for March 2023 was Rs. 0.17 crore, reflecting a significant decline of 94.85% from the EBITDA of Rs. 3.30 crore reported in March 2022.

Goenka Business & Finance shares closed at 6.27 on June 1, 2023, on the BSE (Bombay Stock Exchange). Over the past six months, the company’s shares have experienced a negative return of -25.97%, and over the last 12 months, they have seen a decline of -35.09%.

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