The company reported standalone net loss during the quarter stood at Rs 0.38 crore as compared to net loss of Rs 3.71 crore in the previous year quarter.

Net revenue of the company declined moderately by 18.72 per cent at Rs 14.98 crore in October-December quarter of this fiscal as against Rs 18.43 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 33.03 per cent to Rs 14.58 crore from Rs 21.77 crore in year ago period.

Other Income dipped by 97.06 per cent at Rs 0.01 crore versus (Dec'22 Rs 0.34 crore).

Operating Profit surged by 112.28 per cent to Rs 0.41 crore as against Rs -3.34 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 115.08 per cent in December quarter.

Interest grew by 39.13 per cent y-o-y to Rs 0.32 crore