The company reported standalone net loss during the quarter stood at Rs 1.07 crore as compared to net loss of Rs 0.93 crore in the previous year quarter.

Net revenue of the company declined substantially by 70.75 per cent at Rs 18.00 crore in October-December quarter of this fiscal as against Rs 61.54 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 68.14 per cent to Rs 20.01 crore from Rs 62.80 crore in year ago period.

Other Income grew by 625.00 per cent at Rs 0.58 crore versus (Dec'22 Rs 0.08 crore).

Operating Profit surged by 58.27 per cent to Rs -2.01 crore as against Rs -1.27 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 441.75 per cent in December quarter.

Taxation increased by 28.57 per cent at Rs -0.36 crore (Dec'22 Rs -0.28 crore).