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DFM Foods announced the resignation of Vijayanagaram Rajesh Lakshimipathy (DIN: 07225237), Non-Executive Non-Independent Director of the company with effect from 07 March 2023.

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Revenue from operations fell 3% year on year to Rs 150.61 crore in the quarter ended 31 December 2022.

During the quarter, the company reported pre-tax loss of Rs 9.89 crore as against pre-tax loss of Rs 6.68 crore in corresponding quarter last year.

Total expense fell by 1.18% to Rs 161.43 crore in Q3 FY23 as compared with Rs 163.36 crore in Q3 FY22. Cost of material consumed stood at Rs 85.38 crore (down 15.5% YoY) while employee benefit expense was at Rs 18.05 crore (up 8.3% YoY) and finance cost stood at Rs 2.18 crore (up 4.8% YoY).

DFM Foods is engaged in manufacturing and sale of snack foods.

The scrip declined 0.50% to settle at Rs 457.40 on Friday, 10 February 2023.

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Net Loss of DFM Foods reported to Rs 7.38 crore in the quarter ended December 2022 as against net loss of Rs 5.07 crore during the previous quarter ended December 2021. Sales declined 3.04% to Rs 150.61 crore in the quarter ended December 2022 as against Rs 155.33 crore during the previous quarter ended December 2021.

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DFM Foods will hold a meeting of the Board of Directors of the Company on 10 February 2023.

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