Amerise Biosciences Q1 Results Significant Loss of ₹4.87 Lakhs and Flat Revenue at ₹3.58 Lakhs

Amerise Biosciences Q1 Results 2024-2025: Amerise Biosciences announced their financial results for the first quarter of 2024-2025 on 6 August 2024, showcasing a challenging period for the company. The unaudited financial results reveal a significant decline in revenue, with a year-over-year (YoY) decrease of 30.12%.

This drop reflects the ongoing difficulties the company has faced, including a continued scarcity of working capital and sluggish market conditions. The company's net profit for the quarter ended 30 June 2024 was a loss of ₹4.87 lakhs, showing a YoY shift from a profit of ₹1.96 lakhs reported for the same quarter last year.

In terms of quarterly performance, the revenue from operations remained flat at ₹3.58 lakhs, marking a 0% increase compared to the previous quarter, which ended on 31 March 2024.

Other expenses rose by 46.88% QoQ, further impacting the financial results. The overall expenses also increased by 200% YoY, contributing to the company's loss for the quarter. Despite these challenges, the company continues to navigate the tough market conditions as it works towards stabilizing its financial standing.

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Amerise Biosciences Q1 Results 2024-2025

Here is a summary of Amerise Biosciences' financial performance for the first quarter of 2024-2025:

Source: Click Here

Amerise Biosciences Current Market Overview

Amerise Biosciences is currently trading at ₹0.83 per share, with a market capitalization of ₹5.48 crore. As of early September 2024, the stock has seen a modest increase of 2.47%. It has fluctuated between ₹0.93 and ₹0.54 in recent times.

The company’s book value is ₹0.81, and it has no dividend yield. Financially, Amerise Biosciences is facing challenges, as indicated by negative returns on capital employed (ROCE) and equity (ROE) at -2.73% and -2.75%, respectively.

Q1 Results

The company’s financial results show varying performance over the last few quarters, with notable changes in sales, expenses, and profits. Below are the quarterly results for December 2023, March 2024, and June 2024:

About Amerise Biosciences

Amerise Biosciences, formerly known as Amradeep Industries, is a company that transitioned from manufacturing decorative boards and laminates to focusing on biosciences. Founded in 1984, the company was involved in trading and producing laminates in India and internationally.

However, due to financial difficulties and a lack of working capital, it became non-operational in recent years. In 2021, the company rebranded to Amerise Biosciences to reflect a shift in focus towards bioscience-related activities.

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