Home >Companies >Company-results >Everonn Q3 loss widens, shares drop
Revenue for the quarter fell 82.3 % to Rs15.6 crore from Rs 88.3 crore a year ago. Other expenses doubled to Rs 115 crore from Rs 57 crore in the year-ago quarter. Photo: Mint (Mint)
Revenue for the quarter fell 82.3 % to Rs15.6 crore from Rs 88.3 crore a year ago. Other expenses doubled to Rs 115 crore from Rs 57 crore in the year-ago quarter. Photo: Mint
(Mint)

Everonn Q3 loss widens, shares drop

The firm posts a loss of 129 crore in the quarter from a loss of 6.5 crore in the year earlier

Chennai: Everonn Education Ltd said third quarter loss widened because of a slowdown in business and rise in other expenses, sending shares down by 4.6% in afternoon trade on BSE.

The company posted a loss of 129 crore in the quarter from a loss of 6.5 crore in the year earlier.

Revenue for the quarter fell 82.3 % to 5.6 crore from 88.3 crore a year ago. Other expenses doubled to 115 crore from 57 crore in the year-ago quarter.

The Chennai-based company posted a 34 crore loss even in the second quarter.

In October last year, US-based test-conducting firm Prometric Inc. dropped Everonn as its Indian partner to conduct the computer-based common admission test (CAT) for the Indian Institutes of Management (IIMs) after two years.

Shares of Everonn dropped to 80.95 a share in afternoon trade on BSE, while the benchmark Sensex was down to 19,508.41 points.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.

Close
×
My Reads Redeem a Gift Card Logout