The company reported standalone net loss during the quarter stood at Rs 2.29 crore compared to net profit of Rs 0.19 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 26.44 per cent at Rs 23.48 crore in October-December quarter of this fiscal as against Rs 31.92 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 18.45 per cent to Rs 24.66 crore from Rs 30.24 crore in year ago period.

Operating Profit slipped by 170.24 per cent to Rs -1.18 crore as against Rs 1.68 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 195.44 per cent in December quarter.

Interest grew by 33.33 per cent y-o-y to Rs 0.32 crore, while Taxation decreased by 760.00 per cent at Rs -0.66 crore (Dec'22 Rs 0.10 crore).