MEP Infrastructure Developers’ Consolidated Net Sales for March 2023 Plunge by 95.42% YoY, Amounting to Rs. 10.72 Crore
MEP Infrastructure Developers has released their consolidated quarterly numbers, indicating a significant decline in net sales. In March 2023, the company’s net sales reached Rs. 10.72 crore, showing a sharp decrease of 95.42% compared to March 2022 when it was Rs. 233.81 crore.
Additionally, there was an increase in the quarterly net loss, which amounted to Rs. 57.95 crore in March 2023, up by 64.21% from March 2022 when it was Rs. 161.90 crore.
The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for March 2023 stood negative at Rs. 74.15 crore, demonstrating a decline of 172.98% from March 2022 when it was Rs. 101.60 crore.
Furthermore, MEP Infra’s shares closed at 13.50 on June 02, 2023, on the National Stock Exchange (NSE). Over the last six months, the shares have experienced a negative return of -31.65%, while over the past 12 months, the return has been -39.46%.
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