The company reported standalone net loss during the quarter stood at Rs 1.48 crore compared to net profit of Rs 0.32 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 72.51 per cent at Rs 1.02 crore in October-December quarter of this fiscal as against Rs 3.71 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 28.97 per cent to Rs 2.06 crore from Rs 2.90 crore in year ago period.

Other Income dipped by 82.35 per cent at Rs 0.03 crore versus (Dec'22 Rs 0.17 crore).

Operating Profit slipped by 230.00 per cent to Rs -1.04 crore as against Rs 0.80 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 570.14 per cent in December quarter.

Interest grew by 24.24 per cent y-o-y to Rs 0.41 crore, while Taxation decreased by 108.33 per cent at Rs -0.01 crore (Dec'22 Rs 0.12 crore).