The company reported standalone net loss during the quarter stood at Rs 1.41 crore compared to net profit of Rs 1.33 crore in the previous year quarter.ÿ
Net revenue of the company declined moderately by 17.42 per cent at Rs 33.14 crore in October-December quarter of this fiscal as against Rs 40.13 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 10.44 per cent to Rs 32.76 crore from Rs 36.58 crore in year ago period.
Operating Profit slipped by 89.30 per cent to Rs 0.38 crore as against Rs 3.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 86.88 per cent in December quarter.
Interest declined by 24.64 per cent y-o-y to Rs 0.52 crore