The company reported standalone net loss during the quarter stood at Rs 2.51 crore compared to net profit of Rs 1.06 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 21.75 per cent at Rs 99.70 crore in October-December quarter of this fiscal as against Rs 127.41 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 18.93 per cent to Rs 98.92 crore from Rs 122.02 crore in year ago period.

Other Income grew by 2500.00 per cent at Rs 0.26 crore versus (Dec'22 Rs 0.01 crore).

Operating Profit slipped by 85.53 per cent to Rs 0.78 crore as against Rs 5.39 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 81.56 per cent in December quarter.

Interest grew by 18.82 per cent y-o-y to Rs 2.21 crore, while Taxation decreased by 275.00 per cent at Rs -0.84 crore (Dec'22 Rs 0.48 crore).