The company reported standalone net loss during the quarter stood at Rs 3.16 crore compared to net profit of Rs 2.23 crore in the previous year quarter.ÿ

Net revenue of the company declined moderately by 10.60 per cent at Rs 172.37 crore in October-December quarter of this fiscal as against Rs 192.81 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 7.08 per cent to Rs 175.24 crore from Rs 188.59 crore in year ago period.

Other Income grew by 3.70 per cent at Rs 0.56 crore versus (Dec'22 Rs 0.54 crore).

Operating Profit slipped by 167.85 per cent to Rs -2.87 crore as against Rs 4.23 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 176.26 per cent in December quarter.

Interest grew by 12.50 per cent y-o-y to Rs 0.27 crore, while Taxation decreased by 241.33 per cent at Rs -1.06 crore (Dec'22 Rs 0.75 crore).