The company reported standalone net loss during the quarter stood at Rs 1.22 crore as compared to net loss of Rs 3.41 crore in the previous year quarter.
Net revenue of the company declined moderately by 11.19 per cent at Rs 11.43 crore in October-December quarter of this fiscal as against Rs 12.87 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 30.04 per cent to Rs 9.43 crore from Rs 13.48 crore in year ago period.
Other Income dipped by 68.07 per cent at Rs 0.53 crore versus (Dec'23 Rs 1.66 crore).
Operating Profit surged by 426.23 per cent to Rs 1.99 crore as against Rs -0.61 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 468.14 per cent in December quarter.
Interest declined by 37.66 per cent y-o-y to Rs 0.48 crore, while Taxation decreased by 61.36 per cent at Rs 0.17 crore (Dec'23 Rs 0.44 crore).