The company reported standalone net loss during the quarter stood at Rs 12.77 crore compared to net profit of Rs 0.99 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 54.40 per cent at Rs 25.46 crore in October-December quarter of this fiscal as against Rs 55.83 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 33.49 per cent to Rs 34.97 crore from Rs 52.58 crore in year ago period.
Other Income dipped by 87.69 per cent at Rs 0.41 crore versus (Dec'23 Rs 3.33 crore).
Operating Profit slipped by 391.72 per cent to Rs -9.51 crore as against Rs 3.26 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 740.99 per cent in December quarter.
Interest declined by 61.67 per cent y-o-y to Rs 1.15 crore, while Taxation decreased by 450.00 per cent at Rs -0.14 crore (Dec'23 Rs 0.04 crore).