The company reported standalone net loss during the quarter stood at Rs 4.49 crore compared to net profit of Rs 0.88 crore in the previous year quarter.ÿ

Net revenue of the company declined marginally by 2.50 per cent at Rs 8.98 crore in October-December quarter of this fiscal as against Rs 9.21 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 11.26 per cent to Rs 6.46 crore from Rs 7.28 crore in year ago period.

Other Income dipped by 77.19 per cent at Rs 0.13 crore versus (Dec'22 Rs 0.57 crore).

Operating Profit surged by 30.57 per cent to Rs 2.52 crore as against Rs 1.93 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 34.32 per cent in December quarter.

Interest declined by 72.34 per cent y-o-y to Rs 0.13 crore, while Taxation increased by 71.88 per cent at Rs 0.55 crore (Dec'22 Rs 0.32 crore).