The company reported standalone net loss during the quarter stood at Rs 41.82 crore compared to net profit of Rs 3.82 crore in the previous year quarter.ÿ

Net revenue of the company rose moderately by 17.42 per cent at Rs 51.03 crore in October-December quarter of this fiscal as against Rs 43.46 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 127.60 per cent to Rs 76.86 crore from Rs 33.77 crore in year ago period.

Other Income dipped by 92.31 per cent at Rs 0.20 crore versus (Dec'23 Rs 2.60 crore).

Operating Profit slipped by 366.56 per cent to Rs -25.83 crore as against Rs 9.69 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 326.85 per cent in December quarter.

Interest grew by 19.92 per cent y-o-y to Rs 8.73 crore, while Taxation increased by 0.00 per cent at Rs 4.50 crore (Dec'23 Rs 0.00 crore).