The company reported standalone net loss during the quarter stood at Rs 0.72 crore compared to net profit of Rs 1.36 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 51.55 per cent at Rs 9.71 crore in October-December quarter of this fiscal as against Rs 20.04 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 53.56 per cent to Rs 7.04 crore from Rs 15.16 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.02 crore versus (Dec'23 Rs 0.00 crore).
Operating Profit slipped by 45.29 per cent to Rs 2.67 crore as against Rs 4.88 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 12.72 per cent in December quarter.
Interest grew by 19.08 per cent y-o-y to Rs 3.62 crore, while Taxation decreased by 145.83 per cent at Rs -0.22 crore (Dec'23 Rs 0.48 crore).