The company reported standalone net loss during the quarter stood at Rs 1.02 crore compared to net profit of Rs 0.54 crore in the previous year quarter.ÿ
Net revenue of the company rose two fold by 229.70 per cent at Rs 74.61 crore in July-September quarter of this fiscal as against Rs 22.63 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 336.16 per cent to Rs 69.00 crore from Rs 15.82 crore in year ago period.
Other Income grew by 350.00 per cent at Rs 0.18 crore versus (Sep'23 Rs 0.04 crore).
Operating Profit slipped by 17.77 per cent to Rs 5.60 crore as against Rs 6.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 75.03 per cent in September quarter.
Interest grew by 3.89 per cent y-o-y to Rs 4.81 crore, while Taxation increased by 122.92 per cent at Rs 0.11 crore (Sep'23 Rs -0.48 crore).