The company reported standalone net loss during the quarter stood at Rs 5.83 crore compared to net profit of Rs 3.34 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 41.10 per cent at Rs 12.58 crore in October-December quarter of this fiscal as against Rs 21.36 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 31.25 per cent to Rs 13.22 crore from Rs 19.23 crore in year ago period.
Other Income grew by 14.42 per cent at Rs 4.92 crore versus (Dec'23 Rs 4.30 crore).
Operating Profit slipped by 129.91 per cent to Rs -0.64 crore as against Rs 2.14 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 151.25 per cent in December quarter.
Interest grew by 15.15 per cent y-o-y to Rs 0.76 crore, while Taxation decreased by 269.37 per cent at Rs -3.76 crore (Dec'23 Rs 2.22 crore).