2 weeks ago

FirstCry Q1 Net Loss Narrows 35% YoY to ₹44 Cr

FirstCry Q1 Net Loss Narrows 35% YoY to ₹44 Cr
FirstCry Q1: Loss Narrows 35% YoY To ₹44 Cr, Revenue Up 13% · inc42.com

FirstCry is a company that sells clothes and other things for kids.

Every few months, companies tell people how their business is doing.

FirstCry just told everyone about the months of April, May, and June.

During that time, the company lost money, but it lost less than it did a year ago.

Losing less money means the business is getting better.

The company also earned more money from selling things than it did last year.

However, it earned a little less than in the three months before.

The company spent a bit more money too, because running a business costs money.

Overall, this is good news because the loss is getting smaller.

This report is called a quarterly financial result.

Key facts

Company
FirstCry (kidswear brand)
Period
June quarter (Q1)
Net Loss
₹44 crore (down 35% YoY from ₹66.5 crore)
Operating Revenue
₹2,106.2 crore (up 13% YoY, down 3% QoQ)
Total Income
₹2,153.1 crore
Other Income
₹48.9 crore
Total Expenses (excl. depreciation & amortisation)
₹2,046.6 crore (up 12% YoY)

Sources

Related news