The company reported standalone net loss during the quarter stood at Rs 20.85 crore compared to net profit of Rs 0.23 crore in the previous year quarter.ÿ
Net revenue of the company declined marginally by 4.87 per cent at Rs 17.20 crore in October-December quarter of this fiscal as against Rs 18.08 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 65.97 per cent to Rs 30.19 crore from Rs 18.19 crore in year ago period.
Other Income dipped by 90.48 per cent at Rs 0.02 crore versus (Dec'23 Rs 0.21 crore).
Operating Profit surged by 11718.18 per cent to Rs -13.00 crore as against Rs -0.11 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 12288.52 per cent in December quarter.
Interest grew by 0.00 per cent y-o-y to Rs 18.84 crore, while Taxation increased by 8400.00 per cent at Rs -11.05 crore (Dec'23 Rs -0.13 crore).