The company reported standalone net loss during the quarter stood at Rs 0.28 crore compared to net profit of Rs 0.26 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 33.40 per cent at Rs 17.61 crore in October-December quarter of this fiscal as against Rs 26.44 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 32.00 per cent to Rs 17.55 crore from Rs 25.81 crore in year ago period.
Operating Profit slipped by 90.63 per cent to Rs 0.06 crore as against Rs 0.64 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 85.48 per cent in December quarter.
Interest declined by 11.11 per cent y-o-y to Rs 0.32 crore