The company reported standalone net loss during the quarter stood at Rs 15.26 crore compared to net profit of Rs 0.82 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 63.66 per cent at Rs 51.90 crore in October-December quarter of this fiscal as against Rs 142.82 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 57.50 per cent to Rs 64.45 crore from Rs 151.66 crore in year ago period.
Other Income dipped by 99.61 per cent at Rs 0.10 crore versus (Dec'23 Rs 25.89 crore).
Operating Profit surged by 41.97 per cent to Rs -12.55 crore as against Rs -8.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 290.63 per cent in December quarter.
Interest grew by 9.62 per cent y-o-y to Rs 1.14 crore, while Taxation decreased by 76.14 per cent at Rs -0.63 crore (Dec'23 Rs -2.64 crore).