The company reported standalone net loss during the quarter stood at Rs 11.67 crore as compared to net loss of Rs 2.55 crore in the previous year quarter.
Net revenue of the company declined substantially by 82.70 per cent at Rs 11.86 crore in July-September quarter of this fiscal as against Rs 68.56 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 62.30 per cent to Rs 24.08 crore from Rs 63.87 crore in year ago period.
Other Income dipped by 97.47 per cent at Rs 0.02 crore versus (Sep'23 Rs 0.79 crore).
Operating Profit slipped by 360.55 per cent to Rs -12.22 crore as against Rs 4.69 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1606.43 per cent in September quarter.
Interest declined by 103.33 per cent y-o-y to Rs -0.17 crore, while Taxation increased by 358.62 per cent at Rs -3.99 crore (Sep'23 Rs -0.87 crore).