The company reported standalone net loss during the quarter stood at Rs 1.09 crore as compared to net loss of Rs 3.23 crore in the previous year quarter.
Net revenue of the company declined moderately by 18.07 per cent at Rs 49.10 crore in July-September quarter of this fiscal as against Rs 59.93 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 17.99 per cent to Rs 50.82 crore from Rs 61.97 crore in year ago period.
Other Income grew by 450.00 per cent at Rs 1.21 crore versus (Sep'23 Rs 0.22 crore).
Operating Profit slipped by 15.69 per cent to Rs -1.72 crore as against Rs -2.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.93 per cent in September quarter.
Interest declined by 20.55 per cent y-o-y to Rs 1.16 crore, while Taxation increased by 37.90 per cent at Rs -1.71 crore (Sep'23 Rs -1.24 crore).