The company reported standalone net loss during the quarter stood at Rs 1.33 crore as compared to net loss of Rs 3.18 crore in the previous year quarter.

Net revenue of the company rose substantially by 53.72 per cent at Rs 21.29 crore in October-December quarter of this fiscal as against Rs 13.85 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 37.41 per cent to Rs 21.82 crore from Rs 15.88 crore in year ago period.

Other Income grew by 700.00 per cent at Rs 0.40 crore versus (Dec'22 Rs 0.05 crore).

Operating Profit slipped by 73.40 per cent to Rs -0.54 crore as against Rs -2.03 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 82.80 per cent in December quarter.

Interest declined by 1.82 per cent y-o-y to Rs 0.54 crore, while Taxation increased by 50.00 per cent at Rs 0.03 crore (Dec'22 Rs 0.02 crore).