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Banka BioLoo LimitedResults, 13-02-2025: Integrated Filing- Financial

13-02-2025 | 06:03 pm

Banka BioLoo Limited's Board has approved the un-audited standalone and consolidated financial results for the quarter and nine months ended 31 December 2024. Standalone revenue from operations stood at ₹1,418.8 Cr, while total income reached ₹1,430.18 Cr, with a reported tax loss of ₹146.45 Cr. The company has also extended a corporate guarantee to its subsidiary, Megaliter Varunaa Pvt Ltd, for a credit facility. The ongoing challenges, including provisions for impairments, may dampen short-term financial sentiment, but strategic support for subsidiaries reflects a proactive governance approach, potentially stabilizing longer-term operations.

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