The company reported standalone net loss during the quarter stood at Rs 15.90 crore compared to net profit of Rs 18.43 crore in the previous year quarter.ÿ
Net revenue of the company declined moderately by 19.44 per cent at Rs 339.00 crore in October-December quarter of this fiscal as against Rs 420.78 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 10.75 per cent to Rs 332.75 crore from Rs 372.81 crore in year ago period.
Other Income dipped by 23.48 per cent at Rs 2.77 crore versus (Dec'23 Rs 3.62 crore).
Operating Profit slipped by 86.97 per cent to Rs 6.25 crore as against Rs 47.97 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 83.86 per cent in December quarter.
Interest declined by 15.48 per cent y-o-y to Rs 5.84 crore, while Taxation decreased by 250.23 per cent at Rs -12.98 crore (Dec'23 Rs 8.64 crore).