The company reported standalone net loss during the quarter stood at Rs 1.24 crore as compared to net loss of Rs 10.58 crore in the previous year quarter.

Net revenue of the company declined marginally by 1.19 per cent at Rs 25.70 crore in October-December quarter of this fiscal as against Rs 26.01 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 26.78 per cent to Rs 24.41 crore from Rs 33.34 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.26 crore versus (Dec'22 Rs 0.26 crore).

Operating Profit surged by 117.60 per cent to Rs 1.29 crore as against Rs -7.33 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 117.81 per cent in December quarter.

Interest grew by 20.39 per cent y-o-y to Rs 1.83 crore, while Taxation decreased by 86.30 per cent at Rs 0.10 crore (Dec'22 Rs 0.73 crore).