The company reported standalone net loss during the quarter stood at Rs 1.08 crore compared to net profit of Rs 2.62 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 27.44 per cent at Rs 72.97 crore in October-December quarter of this fiscal as against Rs 100.56 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 24.93 per cent to Rs 69.32 crore from Rs 92.34 crore in year ago period.

Other Income grew by 77.14 per cent at Rs 0.62 crore versus (Dec'22 Rs 0.35 crore).

Operating Profit slipped by 55.60 per cent to Rs 3.65 crore as against Rs 8.22 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 38.80 per cent in December quarter.

Interest grew by 0.85 per cent y-o-y to Rs 3.57 crore