The company reported standalone net loss during the quarter stood at Rs 31.22 crore compared to net profit of Rs 6.41 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 86.57 per cent at Rs 1.36 crore in October-December quarter of this fiscal as against Rs 10.13 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 1319.52 per cent to Rs 29.81 crore from Rs 2.10 crore in year ago period.
Other Income grew by 2700.00 per cent at Rs 1.96 crore versus (Dec'23 Rs 0.07 crore).
Operating Profit slipped by 454.17 per cent to Rs -28.44 crore as against Rs 8.03 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2729.80 per cent in December quarter.
Interest grew by 0.00 per cent y-o-y to Rs 1.15 crore, while Taxation increased by 109.35 per cent at Rs 2.91 crore (Dec'23 Rs 1.39 crore).