DFM Foods reported a net loss of Rs 7.38 crore in Q3 FY23 as compared with net loss of Rs 5.07 crore in Q3 FY22.
Revenue from operations fell 3% year on year to Rs 150.61 crore in the quarter ended 31 December 2022.During the quarter, the company reported pre-tax loss of Rs 9.89 crore as against pre-tax loss of Rs 6.68 crore in corresponding quarter last year.
Total expense fell by 1.18% to Rs 161.43 crore in Q3 FY23 as compared with Rs 163.36 crore in Q3 FY22. Cost of material consumed stood at Rs 85.38 crore (down 15.5% YoY) while employee benefit expense was at Rs 18.05 crore (up 8.3% YoY) and finance cost stood at Rs 2.18 crore (up 4.8% YoY).
DFM Foods is engaged in manufacturing and sale of snack foods.
The scrip declined 0.50% to settle at Rs 457.40 on Friday, 10 February 2023.
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