Sri Chakra Cement Ltd posts net loss of 3% in FY23

NPM fell from +3.8% to -3% in FY23 in spite of 9% y-o-y growth in revenue. This was mainly due to a 10% increase in 'Other Expenses' as a % of revenue from 62% in FY22 to 72% in FY23.

On a different note: The non-Executive Independent Directorship position is open due to the expiry of Shri Krishna Prakash Patnaik (DIN: 01160445).