The company reported standalone net loss during the quarter stood at Rs 1.69 crore compared to net profit of Rs 47.25 crore in the previous year quarter.ÿ
Net revenue of the company declined moderately by 16.68 per cent at Rs 19.78 crore in October-December quarter of this fiscal as against Rs 23.74 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 17.48 per cent to Rs 22.94 crore from Rs 27.80 crore in year ago period.
Other Income dipped by 102.35 per cent at Rs -0.02 crore versus (Dec'23 Rs 0.85 crore).
Operating Profit slipped by 22.17 per cent to Rs -3.16 crore as against Rs -4.06 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 6.44 per cent in December quarter.
Interest declined by 58.33 per cent y-o-y to Rs 0.05 crore, while Taxation increased by 547.37 per cent at Rs -1.23 crore (Dec'23 Rs -0.19 crore).