The company reported standalone net loss during the quarter stood at Rs 1.38 crore as compared to net loss of Rs 0.70 crore in the previous year quarter.

Net revenue of the company declined substantially by 82.56 per cent at Rs 1.01 crore in October-December quarter of this fiscal as against Rs 5.79 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 62.22 per cent to Rs 2.35 crore from Rs 6.22 crore in year ago period.

Other Income dipped by 39.13 per cent at Rs 0.14 crore versus (Dec'22 Rs 0.23 crore).

Operating Profit surged by 219.05 per cent to Rs -1.34 crore as against Rs -0.42 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1722.33 per cent in December quarter.

Taxation increased by 72.41 per cent at Rs -0.50 crore (Dec'22 Rs -0.29 crore).