The company reported standalone net loss during the quarter stood at Rs 0.99 crore compared to net profit of Rs 1.35 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 31.24 per cent at Rs 55.33 crore in July-September quarter of this fiscal as against Rs 80.47 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 28.72 per cent to Rs 54.99 crore from Rs 77.15 crore in year ago period.
Other Income dipped by 70.00 per cent at Rs 0.03 crore versus (Sep'23 Rs 0.10 crore).
Operating Profit slipped by 89.76 per cent to Rs 0.34 crore as against Rs 3.32 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 85.23 per cent in September quarter.
Interest grew by 8.20 per cent y-o-y to Rs 0.66 crore, while Taxation decreased by 183.33 per cent at Rs -0.35 crore (Sep'23 Rs 0.42 crore).