The company reported standalone net loss during the quarter stood at Rs 0.19 crore as compared to net loss of Rs 0.01 crore in the previous year quarter.

Net revenue of the company declined substantially by 50.11 per cent at Rs 39.06 crore in October-December quarter of this fiscal as against Rs 78.30 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 51.08 per cent to Rs 34.26 crore from Rs 70.03 crore in year ago period.

Other Income grew by 17500.00 per cent at Rs 1.76 crore versus (Dec'22 Rs 0.01 crore).

Operating Profit slipped by 42.08 per cent to Rs 4.79 crore as against Rs 8.27 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 16.29 per cent in December quarter.

Interest declined by 26.99 per cent y-o-y to Rs 4.49 crore, while Taxation increased by 342.86 per cent at Rs 0.31 crore (Dec'22 Rs 0.07 crore).