The company reported standalone net loss during the quarter stood at Rs 0.72 crore as compared to net loss of Rs 3.11 crore in the previous year quarter.

Net revenue of the company declined substantially by 46.09 per cent at Rs 3.10 crore in July-September quarter of this fiscal as against Rs 5.75 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 87.88 per cent to Rs 0.52 crore from Rs 4.29 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.18 crore versus (Sep'22 Rs 0.00 crore).

Operating Profit surged by 77.93 per cent to Rs 2.58 crore as against Rs 1.45 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 228.68 per cent in September quarter.

Interest declined by 31.35 per cent y-o-y to Rs 2.19 crore, while Taxation decreased by 11.11 per cent at Rs 0.08 crore (Sep'22 Rs 0.09 crore).