The company reported standalone net loss during the quarter stood at Rs 3.12 crore as compared to net loss of Rs 6.35 crore in the previous year quarter.
Net revenue of the company declined moderately by 19.69 per cent at Rs 14.36 crore in October-December quarter of this fiscal as against Rs 17.88 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 40.24 per cent to Rs 13.26 crore from Rs 22.19 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Dec'23 Rs 0.00 crore).
Operating Profit surged by 125.52 per cent to Rs 1.10 crore as against Rs -4.31 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 131.80 per cent in December quarter.
Interest declined by 73.09 per cent y-o-y to Rs 0.60 crore, while Taxation increased by 281.35 per cent at Rs -7.36 crore (Dec'23 Rs -1.93 crore).