The company reported standalone net loss during the quarter stood at Rs 2.99 crore compared to net profit of Rs 1.10 crore in the previous year quarter.ÿ
Net revenue of the company rose marginally by 3.22 per cent at Rs 39.16 crore in July-September quarter of this fiscal as against Rs 37.94 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 19.26 per cent to Rs 42.10 crore from Rs 35.30 crore in year ago period.
Other Income grew by 33.33 per cent at Rs 0.04 crore versus (Sep'23 Rs 0.03 crore).
Operating Profit slipped by 211.36 per cent to Rs -2.94 crore as against Rs 2.64 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 207.91 per cent in September quarter.
Interest declined by 10.53 per cent y-o-y to Rs 0.85 crore, while Taxation decreased by 377.78 per cent at Rs -1.00 crore (Sep'23 Rs 0.36 crore).