The company reported standalone net loss during the quarter stood at Rs 3.87 crore as compared to net loss of Rs 2.72 crore in the previous year quarter.
Net revenue of the company declined substantially by 20.63 per cent at Rs 55.44 crore in October-December quarter of this fiscal as against Rs 69.85 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 18.94 per cent to Rs 53.55 crore from Rs 66.06 crore in year ago period.
Other Income dipped by 4.84 per cent at Rs 0.59 crore versus (Dec'23 Rs 0.62 crore).
Operating Profit slipped by 50.13 per cent to Rs 1.89 crore as against Rs 3.79 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 37.08 per cent in December quarter.
Interest grew by 37.68 per cent y-o-y to Rs 3.91 crore, while Taxation increased by 115.05 per cent at Rs -2.00 crore (Dec'23 Rs -0.93 crore).