MEP Infrastructure Reports Decline in Standalone Net Sales of Rs 20.12 Crore in Q4, Down 38.23% YoY

The standalone quarterly financial results for MEP Infrastructure Developers in March 2023 show a decline in net sales, net loss, and EBITDA compared to the same period in the previous year.

Here are the details:

  1. Net Sales: In March 2023, the company reported net sales of Rs 20.12 crore, which is a decrease of 38.23% compared to March 2022 when it was Rs 32.56 crore.
  2. Net Loss: The quarterly net loss for March 2023 was Rs 69.74 crore, showing a significant increase of 403.41% from the net loss of Rs 13.85 crore in March 2022.
  3. EBITDA: The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for March 2023 was negative at Rs 56.14 crore. This represents a decline of 109.09% from the EBITDA of Rs 26.85 crore in March 2022.

In terms of the company’s stock performance, MEP Infra shares closed at Rs 13.65 on June 5, 2023, on the National Stock Exchange (NSE). Over the past 6 months, the stock has given a negative return of -30.89%, and over the last 12 months, it has seen a decline of -38.79%.

Please note that this information is based on the provided data and reflects the financial performance of MEP Infrastructure Developers as of March 2023.

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MEP Infrastructure Consolidated Net Sales for Q4 Plunge by 95.42% YoY

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