The company reported standalone net loss during the quarter stood at Rs 2.68 crore compared to net profit of Rs 11.33 crore in the previous year quarter.ÿ

Net revenue of the company rose moderately by 12.08 per cent at Rs 309.79 crore in October-December quarter of this fiscal as against Rs 276.40 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 15.20 per cent to Rs 304.47 crore from Rs 264.30 crore in year ago period.

Other Income dipped by 74.35 per cent at Rs 2.67 crore versus (Dec'23 Rs 10.41 crore).

Operating Profit slipped by 56.00 per cent to Rs 5.32 crore as against Rs 12.09 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 60.73 per cent in December quarter.

Interest grew by 55.41 per cent y-o-y to Rs 1.15 crore, while Taxation decreased by 21.17 per cent at Rs 4.32 crore (Dec'23 Rs 5.48 crore).