The company reported standalone net loss during the quarter stood at Rs 0.82 crore compared to net profit of Rs 2.22 crore in the previous year quarter.ÿ
Net revenue of the company declined moderately by 15.59 per cent at Rs 42.17 crore in October-December quarter of this fiscal as against Rs 49.96 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 10.77 per cent to Rs 42.17 crore from Rs 47.26 crore in year ago period.
Other Income dipped by 25.38 per cent at Rs 1.47 crore versus (Dec'23 Rs 1.97 crore).
Operating Profit slipped by 100.37 per cent to Rs -0.01 crore as against Rs 2.70 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 100.18 per cent in December quarter.
Interest declined by 48.60 per cent y-o-y to Rs 0.55 crore, while Taxation increased by 31.34 per cent at Rs 0.88 crore (Dec'23 Rs 0.67 crore).