The company reported standalone net loss during the quarter stood at Rs 1.35 crore compared to net profit of Rs 3.34 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 46.55 per cent at Rs 139.95 crore in July-September quarter of this fiscal as against Rs 261.81 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 45.25 per cent to Rs 137.50 crore from Rs 251.13 crore in year ago period.
Other Income grew by 2266.67 per cent at Rs 1.42 crore versus (Sep'23 Rs 0.06 crore).
Operating Profit slipped by 77.06 per cent to Rs 2.45 crore as against Rs 10.68 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 57.11 per cent in September quarter.
Interest declined by 5.53 per cent y-o-y to Rs 1.88 crore, while Taxation decreased by 137.82 per cent at Rs -0.59 crore (Sep'23 Rs 1.56 crore).