The company reported standalone net loss during the quarter stood at Rs 0.03 crore compared to net profit of Rs 0.53 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 92.88 per cent at Rs 1.95 crore in October-December quarter of this fiscal as against Rs 27.37 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 92.52 per cent to Rs 2.01 crore from Rs 26.88 crore in year ago period.
Other Income dipped by 87.50 per cent at Rs 0.03 crore versus (Dec'23 Rs 0.24 crore).
Operating Profit slipped by 112.24 per cent to Rs -0.06 crore as against Rs 0.49 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 272.63 per cent in December quarter.
Taxation decreased by 105.26 per cent at Rs -0.01 crore (Dec'23 Rs 0.19 crore).