The company reported standalone net loss during the quarter stood at Rs 1.47 crore compared to net profit of Rs 2.21 crore in the previous year quarter.ÿ

Net revenue of the company rose substantially by 41.07 per cent at Rs 14.53 crore in October-December quarter of this fiscal as against Rs 10.30 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 117.42 per cent to Rs 15.35 crore from Rs 7.06 crore in year ago period.

Other Income grew by 19.18 per cent at Rs 0.87 crore versus (Dec'22 Rs 0.73 crore).

Operating Profit slipped by 125.31 per cent to Rs -0.82 crore as against Rs 3.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 117.94 per cent in December quarter.

Interest grew by 12.73 per cent y-o-y to Rs 0.62 crore, while Taxation decreased by 62.26 per cent at Rs 0.20 crore (Dec'22 Rs 0.53 crore).