The company reported standalone net loss during the quarter stood at Rs 2.81 crore compared to net profit of Rs 0.35 crore in the previous year quarter.ÿ
Net revenue of the company rose substantially by 36.50 per cent at Rs 12.49 crore in October-December quarter of this fiscal as against Rs 9.15 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 76.94 per cent to Rs 15.04 crore from Rs 8.50 crore in year ago period.
Operating Profit slipped by 486.36 per cent to Rs -2.55 crore as against Rs 0.66 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 384.94 per cent in December quarter.
Interest grew by 33.33 per cent y-o-y to Rs 0.36 crore, while Taxation increased by 1200.00 per cent at Rs -0.13 crore (Dec'23 Rs -0.01 crore).