The company reported standalone net loss during the quarter stood at Rs 8.86 crore compared to net profit of Rs 3.50 crore in the previous year quarter.ÿ
Net revenue of the company declined marginally by 3.79 per cent at Rs 131.25 crore in October-December quarter of this fiscal as against Rs 136.42 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 3.08 per cent to Rs 120.79 crore from Rs 124.63 crore in year ago period.
Other Income dipped by 42.86 per cent at Rs 0.28 crore versus (Dec'23 Rs 0.49 crore).
Operating Profit slipped by 11.28 per cent to Rs 10.46 crore as against Rs 11.79 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.75 per cent in December quarter.
Interest grew by 17.41 per cent y-o-y to Rs 2.90 crore, while Taxation increased by 590.74 per cent at Rs 11.19 crore (Dec'23 Rs 1.62 crore).