Advik Capital Limited has announced its financial results for the second quarter ending September 30, 2024. The company reported a revenue from operations of ₹102.37 crore, down significantly from ₹227.79 crore in the previous quarter (Q1 FY24), marking a quarter-on-quarter decline. On a year-on-year basis, the revenue also dropped from ₹157.43 crore reported in Q2 FY23.
In terms of profitability, the company recorded a net loss of ₹0.24 crore for the quarter. This represents a sharp reversal compared to a profit of ₹2.35 crore in the previous quarter. Last year during the same period, the company had reported a profit of ₹6.13 crore, indicating a significant year-on-year decline in performance.
These results highlight a challenging quarter for Advik Capital as the company navigates a drop in revenue and a shift from profit to loss.
