The company reported standalone net loss during the quarter stood at Rs 1.25 crore as compared to net loss of Rs 0.84 crore in the previous year quarter.

Net revenue of the company declined moderately by 12.37 per cent at Rs 15.59 crore in July-September quarter of this fiscal as against Rs 17.79 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 15.43 per cent to Rs 15.56 crore from Rs 18.40 crore in year ago period.

Operating Profit surged by 106.56 per cent to Rs 0.04 crore as against Rs -0.61 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 106.94 per cent in September quarter.

Interest grew by 24.19 per cent y-o-y to Rs 0.77 crore, while Taxation increased by 50.00 per cent at Rs -0.03 crore (Sep'22 Rs -0.02 crore).