The company reported standalone net loss during the quarter stood at Rs 3.65 crore as compared to net loss of Rs 4.51 crore in the previous year quarter.

Net revenue of the company rose substantially by 54.40 per cent at Rs 8.94 crore in October-December quarter of this fiscal as against Rs 5.79 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 34.68 per cent to Rs 12.00 crore from Rs 8.91 crore in year ago period.

Other Income dipped by 35.62 per cent at Rs 0.47 crore versus (Dec'22 Rs 0.73 crore).

Operating Profit slipped by 1.92 per cent to Rs -3.06 crore as against Rs -3.12 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 36.49 per cent in December quarter.

Interest declined by 96.08 per cent y-o-y to Rs 0.04 crore, while Taxation decreased by 25.00 per cent at Rs 0.06 crore (Dec'22 Rs 0.08 crore).