The company reported standalone net loss during the quarter stood at Rs 0.69 crore as compared to net loss of Rs 13.97 crore in the previous year quarter.
Net revenue of the company declined substantially by 54.97 per cent at Rs 99.24 crore in October-December quarter of this fiscal as against Rs 220.37 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 58.94 per cent to Rs 93.01 crore from Rs 226.51 crore in year ago period.
Other Income grew by 3.33 per cent at Rs 0.31 crore versus (Dec'23 Rs 0.30 crore).
Operating Profit surged by 201.47 per cent to Rs 6.23 crore as against Rs -6.14 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 325.54 per cent in December quarter.
Interest declined by 70.98 per cent y-o-y to Rs 2.24 crore, while Taxation increased by 114.29 per cent at Rs 1.03 crore (Dec'23 Rs -7.21 crore).