The company reported standalone net loss during the quarter stood at Rs 0.82 crore compared to net profit of Rs 39.70 crore in the previous year quarter.ÿ
Net revenue of the company declined by 5.72 per cent at Rs 16.15 crore in October-December quarter of this fiscal as against Rs 17.13 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 10.71 per cent to Rs 14.68 crore from Rs 13.26 crore in year ago period.
Other Income dipped by 43.12 per cent at Rs 1.86 crore versus (Dec'23 Rs 3.27 crore).
Operating Profit slipped by 62.02 per cent to Rs 1.47 crore as against Rs 3.87 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 59.83 per cent in December quarter.
Interest grew by 375.00 per cent y-o-y to Rs 0.19 crore, while Taxation decreased by 89.85 per cent at Rs 0.94 crore (Dec'23 Rs 9.26 crore).