The company reported standalone net loss during the quarter stood at Rs 18.51 crore as compared to net loss of Rs 13.64 crore in the previous year quarter.
Net revenue of the company rose moderately by 14.98 per cent at Rs 187.75 crore in October-December quarter of this fiscal as against Rs 163.29 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 25.52 per cent to Rs 183.32 crore from Rs 146.05 crore in year ago period.
Other Income dipped by 6.63 per cent at Rs 3.52 crore versus (Dec'23 Rs 3.77 crore).
Operating Profit slipped by 55.28 per cent to Rs 7.71 crore as against Rs 17.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 61.08 per cent in December quarter.
Interest declined by 4.41 per cent y-o-y to Rs 20.14 crore, while Taxation decreased by 421.53 per cent at Rs -11.35 crore (Dec'23 Rs 3.53 crore).