The company reported standalone net loss during the quarter stood at Rs 23.04 crore as compared to net loss of Rs 42.66 crore in the previous year quarter.
Net revenue of the company declined moderately by 7.38 per cent at Rs 139.74 crore in October-December quarter of this fiscal as against Rs 150.88 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 5.85 per cent to Rs 159.04 crore from Rs 168.93 crore in year ago period.
Other Income dipped by 67.27 per cent at Rs 0.91 crore versus (Dec'23 Rs 2.78 crore).
Operating Profit surged by 6.98 per cent to Rs -19.30 crore as against Rs -18.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.47 per cent in December quarter.
Interest declined by 7.69 per cent y-o-y to Rs 28.34 crore, while Taxation increased by 85.69 per cent at Rs -25.05 crore (Dec'23 Rs -13.49 crore).