The company reported standalone net loss during the quarter stood at Rs 12.94 crore as compared to net loss of Rs 7.98 crore in the previous year quarter.
Net revenue of the company declined substantially by 34.54 per cent at Rs 72.38 crore in July-September quarter of this fiscal as against Rs 110.57 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 30.35 per cent to Rs 77.35 crore from Rs 111.05 crore in year ago period.
Other Income dipped by 32.08 per cent at Rs 0.36 crore versus (Sep'23 Rs 0.53 crore).
Operating Profit slipped by 1653.13 per cent to Rs -4.97 crore as against Rs 0.32 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2465.52 per cent in September quarter.
Interest grew by 17.71 per cent y-o-y to Rs 10.57 crore, while Taxation increased by 49.26 per cent at Rs -6.09 crore (Sep'23 Rs -4.08 crore).