The company reported standalone net loss during the quarter stood at Rs 0.59 crore compared to net profit of Rs 0.12 crore in the previous year quarter.ÿ
Net revenue of the company rose substantially by 50.97 per cent at Rs 33.59 crore in October-December quarter of this fiscal as against Rs 22.25 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 57.32 per cent to Rs 33.65 crore from Rs 21.39 crore in year ago period.
Other Income grew by 85.71 per cent at Rs 0.26 crore versus (Dec'23 Rs 0.14 crore).
Operating Profit slipped by 106.98 per cent to Rs -0.06 crore as against Rs 0.86 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 104.66 per cent in December quarter.
Interest grew by 17.11 per cent y-o-y to Rs 0.89 crore, while Taxation decreased by 600.00 per cent at Rs -0.20 crore (Dec'23 Rs 0.04 crore).