The company reported standalone net loss during the quarter stood at Rs 16.22 crore as compared to net loss of Rs 11.18 crore in the previous year quarter.
Net revenue of the company declined moderately by 18.92 per cent at Rs 63.38 crore in October-December quarter of this fiscal as against Rs 78.17 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 19.70 per cent to Rs 66.29 crore from Rs 82.55 crore in year ago period.
Other Income grew by 32.00 per cent at Rs 0.33 crore versus (Dec'23 Rs 0.25 crore).
Operating Profit slipped by 33.18 per cent to Rs -2.92 crore as against Rs -4.37 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 17.86 per cent in December quarter.
Interest grew by 26.64 per cent y-o-y to Rs 10.84 crore, while Taxation increased by 55.56 per cent at Rs -8.68 crore (Dec'23 Rs -5.58 crore).