The company reported standalone net loss during the quarter stood at Rs 1.61 crore compared to net profit of Rs 0.46 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 23.53 per cent at Rs 11.67 crore in October-December quarter of this fiscal as against Rs 15.26 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 10.97 per cent to Rs 12.90 crore from Rs 14.49 crore in year ago period.
Other Income dipped by 66.67 per cent at Rs 0.01 crore versus (Dec'23 Rs 0.03 crore).
Operating Profit slipped by 259.74 per cent to Rs -1.23 crore as against Rs 0.77 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 307.30 per cent in December quarter.
Interest grew by 58.82 per cent y-o-y to Rs 0.27 crore, while Taxation decreased by 125.00 per cent at Rs -0.01 crore (Dec'23 Rs 0.04 crore).