The company reported standalone net loss during the quarter stood at Rs 0.22 crore as compared to net loss of Rs 4.75 crore in the previous year quarter.

Net revenue of the company declined substantially by 69.82 per cent at Rs 3.06 crore in July-September quarter of this fiscal as against Rs 10.14 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 92.24 per cent to Rs 1.01 crore from Rs 13.01 crore in year ago period.

Other Income dipped by 20.52 per cent at Rs 1.82 crore versus (Sep'22 Rs 2.29 crore).

Operating Profit surged by 171.43 per cent to Rs 2.05 crore as against Rs -2.87 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 336.83 per cent in September quarter.

Taxation increased by 19.44 per cent at Rs -0.43 crore (Sep'22 Rs -0.36 crore).