The company reported standalone net loss during the quarter stood at Rs 1.36 crore compared to net profit of Rs 0.45 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 31.59 per cent at Rs 7.86 crore in July-September quarter of this fiscal as against Rs 11.49 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 17.45 per cent to Rs 8.99 crore from Rs 10.89 crore in year ago period.

Operating Profit slipped by 290.00 per cent to Rs -1.14 crore as against Rs 0.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 377.01 per cent in September quarter.