The company reported standalone net loss during the quarter stood at Rs 1.76 crore compared to net profit of Rs 0.92 crore in the previous year quarter.ÿ

Net revenue of the company rose substantially by 90.67 per cent at Rs 78.04 crore in October-December quarter of this fiscal as against Rs 40.93 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 100.56 per cent to Rs 79.14 crore from Rs 39.46 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.03 crore versus (Dec'22 Rs 0.03 crore).

Operating Profit slipped by 173.65 per cent to Rs -1.09 crore as against Rs 1.48 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 138.78 per cent in December quarter.

Interest grew by 48.65 per cent y-o-y to Rs 0.55 crore, while Taxation decreased by 63.64 per cent at Rs 0.04 crore (Dec'22 Rs 0.11 crore).