The company reported standalone net loss during the quarter stood at Rs 7.34 crore as compared to net loss of Rs 9.80 crore in the previous year quarter.
Net revenue of the company declined marginally by 4.32 per cent at Rs 69.08 crore in October-December quarter of this fiscal as against Rs 72.20 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 5.68 per cent to Rs 72.71 crore from Rs 77.09 crore in year ago period.
Other Income grew by 27.59 per cent at Rs 0.37 crore versus (Dec'23 Rs 0.29 crore).
Operating Profit slipped by 25.77 per cent to Rs -3.63 crore as against Rs -4.89 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 22.45 per cent in December quarter.
Interest declined by 17.54 per cent y-o-y to Rs 0.47 crore, while Taxation decreased by 67.88 per cent at Rs 0.44 crore (Dec'23 Rs 1.37 crore).