The company reported standalone net loss during the quarter stood at Rs 4.59 crore as compared to net loss of Rs 2.84 crore in the previous year quarter.
Net revenue of the company declined substantially by 63.21 per cent at Rs 17.30 crore in October-December quarter of this fiscal as against Rs 47.03 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 54.37 per cent to Rs 22.84 crore from Rs 50.06 crore in year ago period.
Other Income grew by 12.31 per cent at Rs 3.01 crore versus (Dec'23 Rs 2.68 crore).
Operating Profit surged by 82.84 per cent to Rs -5.54 crore as against Rs -3.03 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 395.97 per cent in December quarter.
Interest grew by 27.12 per cent y-o-y to Rs 1.50 crore, while Taxation decreased by 112.86 per cent at Rs -0.09 crore (Dec'23 Rs 0.70 crore).