The company reported standalone net loss during the quarter stood at Rs 37.93 crore compared to net profit of Rs 10.79 crore in the previous year quarter.ÿ
Net revenue of the company rose moderately by 8.97 per cent at Rs 442.69 crore in October-December quarter of this fiscal as against Rs 406.24 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 20.47 per cent to Rs 450.02 crore from Rs 373.56 crore in year ago period.
Other Income grew by 6.85 per cent at Rs 2.65 crore versus (Dec'23 Rs 2.48 crore).
Operating Profit slipped by 115.60 per cent to Rs -5.42 crore as against Rs 34.74 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 114.27 per cent in December quarter.
Interest grew by 24.39 per cent y-o-y to Rs 1.53 crore, while Taxation decreased by 308.59 per cent at Rs -18.21 crore (Dec'23 Rs 8.73 crore).