The company reported standalone net loss during the quarter stood at Rs 361.87 crore as compared to net loss of Rs 292.34 crore in the previous year quarter.
Net revenue of the company declined moderately by 17.82 per cent at Rs 7.15 crore in October-December quarter of this fiscal as against Rs 8.70 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 10.05 per cent to Rs 11.37 crore from Rs 12.64 crore in year ago period.
Other Income grew by 25.00 per cent at Rs 0.05 crore versus (Dec'23 Rs 0.04 crore).
Operating Profit surged by 7.63 per cent to Rs -4.23 crore as against Rs -3.93 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 30.75 per cent in December quarter.
Interest grew by 22.10 per cent y-o-y to Rs 354.52 crore