The company reported standalone net loss during the quarter stood at Rs 8.45 crore compared to net profit of Rs 0.38 crore in the previous year quarter.ÿ
Net revenue of the company rose by 5.63 per cent at Rs 498.26 crore in October-December quarter of this fiscal as against Rs 471.70 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 7.33 per cent to Rs 493.70 crore from Rs 459.98 crore in year ago period.
Other Income grew by 17.33 per cent at Rs 5.28 crore versus (Dec'23 Rs 4.50 crore).
Operating Profit slipped by 61.09 per cent to Rs 4.56 crore as against Rs 11.72 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 62.90 per cent in December quarter.
Interest grew by 43.14 per cent y-o-y to Rs 12.94 crore, while Taxation increased by 115.13 per cent at Rs -3.27 crore (Dec'23 Rs -1.52 crore).