The company reported standalone net loss during the quarter stood at Rs 0.15 crore as compared to net loss of Rs 6.30 crore in the previous year quarter.
Net revenue of the company declined moderately by 16.27 per cent at Rs 75.59 crore in October-December quarter of this fiscal as against Rs 90.28 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 7.09 per cent to Rs 67.46 crore from Rs 72.61 crore in year ago period.
Other Income dipped by 25.53 per cent at Rs 0.35 crore versus (Dec'23 Rs 0.47 crore).
Operating Profit slipped by 53.93 per cent to Rs 8.14 crore as against Rs 17.67 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 45.02 per cent in December quarter.
Interest declined by 55.70 per cent y-o-y to Rs 7.34 crore, while Taxation decreased by 100.67 per cent at Rs -0.05 crore (Dec'23 Rs 7.49 crore).