The company reported standalone net loss during the quarter stood at Rs 0.74 crore compared to net profit of Rs 0.03 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 78.35 per cent at Rs 16.48 crore in July-September quarter of this fiscal as against Rs 76.12 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 77.91 per cent to Rs 16.67 crore from Rs 75.47 crore in year ago period.
Other Income dipped by 27.78 per cent at Rs 0.26 crore versus (Sep'23 Rs 0.36 crore).
Operating Profit slipped by 128.13 per cent to Rs -0.18 crore as against Rs 0.64 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 233.33 per cent in September quarter.
Interest grew by 6.00 per cent y-o-y to Rs 1.06 crore, while Taxation increased by 400.00 per cent at Rs -0.25 crore (Sep'23 Rs -0.05 crore).