The company reported standalone net loss during the quarter stood at Rs 29.75 crore as compared to net loss of Rs 59.91 crore in the previous year quarter.
Net revenue of the company rose substantially by 33.43 per cent at Rs 585.92 crore in October-December quarter of this fiscal as against Rs 439.11 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 27.23 per cent to Rs 571.35 crore from Rs 449.07 crore in year ago period.
Other Income grew by 7.42 per cent at Rs 4.49 crore versus (Dec'23 Rs 4.18 crore).
Operating Profit surged by 246.29 per cent to Rs 14.57 crore as against Rs -9.96 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 209.69 per cent in December quarter.
Interest grew by 97.79 per cent y-o-y to Rs 21.46 crore, while Taxation decreased by 146.14 per cent at Rs -7.64 crore (Dec'23 Rs 16.56 crore).