The company reported standalone net loss during the quarter stood at Rs 0.34 crore as compared to net loss of Rs 0.09 crore in the previous year quarter.

Net revenue of the company rose substantially by 50.89 per cent at Rs 20.25 crore in October-December quarter of this fiscal as against Rs 13.42 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 60.62 per cent to Rs 19.21 crore from Rs 11.96 crore in year ago period.

Other Income dipped by 80.00 per cent at Rs 0.01 crore versus (Dec'22 Rs 0.05 crore).

Operating Profit slipped by 28.08 per cent to Rs 1.05 crore as against Rs 1.46 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 52.40 per cent in December quarter.

Interest grew by 2.13 per cent y-o-y to Rs 0.48 crore, while Taxation decreased by 178.57 per cent at Rs -0.11 crore (Dec'22 Rs 0.14 crore).