The company reported standalone net loss during the quarter stood at Rs 1.96 crore compared to net profit of Rs 10.69 crore in the previous year quarter.ÿ
Net revenue of the company declined marginally by 1.14 per cent at Rs 229.19 crore in July-September quarter of this fiscal as against Rs 231.83 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 4.24 per cent to Rs 202.37 crore from Rs 194.13 crore in year ago period.
Other Income grew by 35.47 per cent at Rs 12.49 crore versus (Sep'23 Rs 9.22 crore).
Operating Profit slipped by 28.86 per cent to Rs 26.82 crore as against Rs 37.70 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 28.04 per cent in September quarter.
Interest grew by 33.20 per cent y-o-y to Rs 22.55 crore, while Taxation decreased by 117.62 per cent at Rs -0.65 crore (Sep'23 Rs 3.69 crore).