The company reported standalone net loss during the quarter stood at Rs 14.82 crore as compared to net loss of Rs 4.23 crore in the previous year quarter.

Net revenue of the company rose moderately by 6.69 per cent at Rs 27.90 crore in October-December quarter of this fiscal as against Rs 26.15 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 44.16 per cent to Rs 38.23 crore from Rs 26.52 crore in year ago period.

Other Income dipped by 91.49 per cent at Rs 0.04 crore versus (Dec'22 Rs 0.47 crore).

Operating Profit surged by 2691.89 per cent to Rs -10.33 crore as against Rs -0.37 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2526.24 per cent in December quarter.

Interest grew by 97.17 per cent y-o-y to Rs 4.87 crore, while Taxation increased by 250.77 per cent at Rs -4.56 crore (Dec'22 Rs -1.30 crore).