The company reported standalone net loss during the quarter stood at Rs 4.89 crore compared to net profit of Rs 0.86 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 66.66 per cent at Rs 32.22 crore in July-September quarter of this fiscal as against Rs 96.64 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 62.71 per cent to Rs 34.82 crore from Rs 93.37 crore in year ago period.
Other Income grew by 100.00 per cent at Rs 0.02 crore versus (Sep'23 Rs 0.01 crore).
Operating Profit slipped by 179.51 per cent to Rs -2.60 crore as against Rs 3.27 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 338.05 per cent in September quarter.
Interest declined by 1.65 per cent y-o-y to Rs 1.79 crore, while Taxation decreased by 36.36 per cent at Rs 0.07 crore (Sep'23 Rs 0.11 crore).