The company reported standalone net loss during the quarter stood at Rs 25.04 crore as compared to net loss of Rs 0.23 crore in the previous year quarter.

Net revenue of the company declined moderately by 6.51 per cent at Rs 286.56 crore in October-December quarter of this fiscal as against Rs 306.53 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 0.79 per cent to Rs 305.55 crore from Rs 303.15 crore in year ago period.

Other Income dipped by 34.04 per cent at Rs 2.48 crore versus (Dec'22 Rs 3.76 crore).

Operating Profit slipped by 661.83 per cent to Rs -18.99 crore as against Rs 3.38 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 702.73 per cent in December quarter.

Interest grew by 47.39 per cent y-o-y to Rs 3.11 crore, while Taxation increased by 400.00 per cent at Rs 0.24 crore (Dec'22 Rs -0.08 crore).