The company reported standalone net loss during the quarter stood at Rs 1.52 crore compared to net profit of Rs 4.77 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 25.68 per cent at Rs 62.16 crore in October-December quarter of this fiscal as against Rs 83.64 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 20.60 per cent to Rs 58.93 crore from Rs 74.22 crore in year ago period.
Other Income dipped by 70.40 per cent at Rs 0.37 crore versus (Dec'23 Rs 1.25 crore).
Operating Profit slipped by 65.71 per cent to Rs 3.23 crore as against Rs 9.42 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 53.91 per cent in December quarter.
Interest declined by 18.37 per cent y-o-y to Rs 0.40 crore, while Taxation decreased by 182.76 per cent at Rs -0.48 crore (Dec'23 Rs 0.58 crore).