The company reported standalone net loss during the quarter stood at Rs 16.08 crore compared to net profit of Rs 1.39 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 57.26 per cent at Rs 22.10 crore in July-September quarter of this fiscal as against Rs 51.71 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 25.40 per cent to Rs 35.66 crore from Rs 47.80 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.59 crore versus (Sep'23 Rs 0.00 crore).
Operating Profit slipped by 445.92 per cent to Rs -13.56 crore as against Rs 3.92 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 910.83 per cent in September quarter.
Interest grew by 780.00 per cent y-o-y to Rs 0.88 crore, while Taxation increased by 180.00 per cent at Rs -0.42 crore (Sep'23 Rs -0.15 crore).