The company reported standalone net loss during the quarter stood at Rs 9.21 crore compared to net profit of Rs 3.56 crore in the previous year quarter.ÿ
Net revenue of the company rose moderately by 11.83 per cent at Rs 6.05 crore in October-December quarter of this fiscal as against Rs 5.41 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 2687.88 per cent to Rs 18.40 crore from Rs 0.66 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.03 crore versus (Dec'23 Rs 0.00 crore).
Operating Profit slipped by 359.45 per cent to Rs -12.35 crore as against Rs 4.76 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 332.30 per cent in December quarter.
Taxation decreased by 358.33 per cent at Rs -3.10 crore (Dec'23 Rs 1.20 crore).