The company reported standalone net loss during the quarter stood at Rs 1.04 crore compared to net profit of Rs 1.58 crore in the previous year quarter.ÿ
Net revenue of the company rose substantially by 26.77 per cent at Rs 6.44 crore in October-December quarter of this fiscal as against Rs 5.08 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 302.06 per cent to Rs 3.90 crore from Rs 0.97 crore in year ago period.
Other Income grew by 6700.00 per cent at Rs 0.68 crore versus (Dec'23 Rs 0.01 crore).
Operating Profit slipped by 38.35 per cent to Rs 2.54 crore as against Rs 4.12 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 51.24 per cent in December quarter.
Interest grew by 97.67 per cent y-o-y to Rs 3.40 crore, while Taxation increased by 1.47 per cent at Rs 0.69 crore (Dec'23 Rs 0.68 crore).