The company reported standalone net loss during the quarter stood at Rs 1.79 crore as compared to net loss of Rs 8.13 crore in the previous year quarter.

Net revenue of the company declined by 5.52 per cent at Rs 140.38 crore in October-December quarter of this fiscal as against Rs 148.58 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 10.90 per cent to Rs 132.31 crore from Rs 148.50 crore in year ago period.

Operating Profit surged by 8866.67 per cent to Rs 8.07 crore as against Rs 0.09 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 9483.33 per cent in December quarter.

Interest grew by 39.84 per cent y-o-y to Rs 5.09 crore