The company reported standalone net loss during the quarter stood at Rs 2.16 crore compared to net profit of Rs 8.13 crore in the previous year quarter.ÿ
Net revenue of the company declined moderately by 16.89 per cent at Rs 144.94 crore in October-December quarter of this fiscal as against Rs 174.40 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 5.28 per cent to Rs 143.21 crore from Rs 136.03 crore in year ago period.
Other Income dipped by 21.28 per cent at Rs 0.74 crore versus (Dec'23 Rs 0.94 crore).
Operating Profit slipped by 95.49 per cent to Rs 1.73 crore as against Rs 38.38 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 94.59 per cent in December quarter.
Interest declined by 87.76 per cent y-o-y to Rs 3.16 crore, while Taxation decreased by 117.11 per cent at Rs -0.51 crore (Dec'23 Rs 2.98 crore).