The company reported standalone net loss during the quarter stood at Rs 0.33 crore compared to net profit of Rs 2.19 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 51.24 per cent at Rs 9.60 crore in October-December quarter of this fiscal as against Rs 19.69 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 43.78 per cent to Rs 9.71 crore from Rs 17.27 crore in year ago period.
Operating Profit slipped by 104.96 per cent to Rs -0.12 crore as against Rs 2.42 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 109.99 per cent in December quarter.
Interest declined by 10.00 per cent y-o-y to Rs 0.09 crore