The company reported standalone net loss during the quarter stood at Rs 0.65 crore as compared to net loss of Rs 1.06 crore in the previous year quarter.

Net revenue of the company declined moderately by 14.00 per cent at Rs 32.68 crore in October-December quarter of this fiscal as against Rs 38.00 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 12.18 per cent to Rs 30.21 crore from Rs 34.40 crore in year ago period.

Other Income dipped by 66.67 per cent at Rs 0.09 crore versus (Dec'22 Rs 0.27 crore).

Operating Profit slipped by 31.39 per cent to Rs 2.47 crore as against Rs 3.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 20.06 per cent in December quarter.

Interest declined by 28.57 per cent y-o-y to Rs 1.50 crore