The company reported standalone net loss during the quarter stood at Rs 1.83 crore as compared to net loss of Rs 4.03 crore in the previous year quarter.

Net revenue of the company rose substantially by 61.00 per cent at Rs 21.67 crore in October-December quarter of this fiscal as against Rs 13.46 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 38.10 per cent to Rs 21.17 crore from Rs 15.33 crore in year ago period.

Other Income dipped by 40.74 per cent at Rs 0.16 crore versus (Dec'22 Rs 0.27 crore).

Operating Profit surged by 126.74 per cent to Rs 0.50 crore as against Rs -1.87 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 116.55 per cent in December quarter.

Interest declined by 14.50 per cent y-o-y to Rs 1.12 crore