The company reported standalone net loss during the quarter stood at Rs 7.81 crore compared to net profit of Rs 6.48 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 40.27 per cent at Rs 17.56 crore in October-December quarter of this fiscal as against Rs 29.40 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 32.13 per cent to Rs 28.95 crore from Rs 21.91 crore in year ago period.
Other Income grew by 26.05 per cent at Rs 1.50 crore versus (Dec'23 Rs 1.19 crore).
Operating Profit slipped by 252.07 per cent to Rs -11.39 crore as against Rs 7.49 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 354.75 per cent in December quarter.
Taxation decreased by 231.41 per cent at Rs -2.51 crore (Dec'23 Rs 1.91 crore).