The company reported standalone net loss during the quarter stood at Rs 2.44 crore compared to net profit of Rs 0.10 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 22.84 per cent at Rs 22.46 crore in October-December quarter of this fiscal as against Rs 29.11 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 11.12 per cent to Rs 24.21 crore from Rs 27.24 crore in year ago period.
Other Income grew by 3533.33 per cent at Rs 1.09 crore versus (Dec'23 Rs 0.03 crore).
Operating Profit slipped by 193.58 per cent to Rs -1.75 crore as against Rs 1.87 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 221.34 per cent in December quarter.
Interest grew by 100.00 per cent y-o-y to Rs 0.02 crore