The company reported standalone net loss during the quarter stood at Rs 1.37 crore as compared to net loss of Rs 0.63 crore in the previous year quarter.
Net revenue of the company declined moderately by 9.98 per cent at Rs 43.57 crore in July-September quarter of this fiscal as against Rs 48.40 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 7.12 per cent to Rs 44.08 crore from Rs 47.46 crore in year ago period.
Other Income grew by 157.50 per cent at Rs 1.03 crore versus (Sep'23 Rs 0.40 crore).
Operating Profit slipped by 154.26 per cent to Rs -0.51 crore as against Rs 0.94 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 160.31 per cent in September quarter.
Interest declined by 8.80 per cent y-o-y to Rs 1.14 crore, while Taxation increased by 20.00 per cent at Rs -0.24 crore (Sep'23 Rs -0.20 crore).