The company reported standalone net loss during the quarter stood at Rs 42.94 crore compared to net profit of Rs 2.22 crore in the previous year quarter.ÿ

Net revenue of the company rose marginally by 3.27 per cent at Rs 136.27 crore in October-December quarter of this fiscal as against Rs 131.95 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 15.90 per cent to Rs 155.39 crore from Rs 134.07 crore in year ago period.

Other Income dipped by 91.94 per cent at Rs 0.76 crore versus (Dec'23 Rs 9.43 crore).

Operating Profit surged by 801.89 per cent to Rs -19.12 crore as against Rs -2.12 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 771.43 per cent in December quarter.

Interest grew by 53.33 per cent y-o-y to Rs 1.84 crore, while Taxation decreased by 884.62 per cent at Rs -6.12 crore (Dec'23 Rs 0.78 crore).