The company reported standalone net loss during the quarter stood at Rs 0.42 crore as compared to net loss of Rs 0.55 crore in the previous year quarter.

Net revenue of the company declined substantially by 29.47 per cent at Rs 29.54 crore in October-December quarter of this fiscal as against Rs 41.88 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 29.64 per cent to Rs 29.05 crore from Rs 41.29 crore in year ago period.

Other Income dipped by 40.00 per cent at Rs 0.21 crore versus (Dec'22 Rs 0.35 crore).

Operating Profit slipped by 16.95 per cent to Rs 0.49 crore as against Rs 0.59 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 16.90 per cent in December quarter.

Interest declined by 8.93 per cent y-o-y to Rs 1.02 crore, while Taxation increased by 420.00 per cent at Rs -0.26 crore (Dec'22 Rs -0.05 crore).