The company reported standalone net loss during the quarter stood at Rs 7.79 crore compared to net profit of Rs 4.41 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 51.79 per cent at Rs 11.16 crore in October-December quarter of this fiscal as against Rs 23.15 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 12.40 per cent to Rs 17.74 crore from Rs 20.25 crore in year ago period.
Other Income dipped by 92.74 per cent at Rs 0.31 crore versus (Dec'23 Rs 4.27 crore).
Operating Profit slipped by 326.46 per cent to Rs -6.59 crore as against Rs 2.91 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 570.28 per cent in December quarter.
Interest grew by 1200.00 per cent y-o-y to Rs 0.13 crore, while Taxation increased by 297.92 per cent at Rs -1.91 crore (Dec'23 Rs -0.48 crore).