The company reported standalone net loss during the quarter stood at Rs 0.26 crore compared to net profit of Rs 7.06 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 20.75 per cent at Rs 53.33 crore in October-December quarter of this fiscal as against Rs 67.29 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 10.68 per cent to Rs 50.07 crore from Rs 56.06 crore in year ago period.
Other Income dipped by 23.08 per cent at Rs 0.30 crore versus (Dec'23 Rs 0.39 crore).
Operating Profit slipped by 70.94 per cent to Rs 3.26 crore as against Rs 11.22 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 63.37 per cent in December quarter.
Interest grew by 94.59 per cent y-o-y to Rs 1.44 crore, while Taxation decreased by 63.47 per cent at Rs 0.80 crore (Dec'23 Rs 2.19 crore).