The company reported standalone net loss during the quarter stood at Rs 9.53 crore as compared to net loss of Rs 2.50 crore in the previous year quarter.
Net revenue of the company declined substantially by 86.59 per cent at Rs 8.20 crore in October-December quarter of this fiscal as against Rs 61.13 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 71.47 per cent to Rs 15.92 crore from Rs 55.80 crore in year ago period.
Other Income dipped by 98.11 per cent at Rs 0.01 crore versus (Dec'23 Rs 0.53 crore).
Operating Profit slipped by 244.84 per cent to Rs -7.72 crore as against Rs 5.33 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1179.70 per cent in December quarter.
Interest declined by 73.35 per cent y-o-y to Rs 1.45 crore, while Taxation increased by 283.53 per cent at Rs -3.26 crore (Dec'23 Rs -0.85 crore).