The company reported standalone net loss during the quarter stood at Rs 1.46 crore as compared to net loss of Rs 1.76 crore in the previous year quarter.

Net revenue of the company rose substantially by 43.46 per cent at Rs 44.17 crore in October-December quarter of this fiscal as against Rs 30.79 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 40.34 per cent to Rs 44.77 crore from Rs 31.90 crore in year ago period.

Other Income grew by 18.18 per cent at Rs 0.26 crore versus (Dec'22 Rs 0.22 crore).

Operating Profit slipped by 44.55 per cent to Rs -0.61 crore as against Rs -1.10 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 61.73 per cent in December quarter.

Interest grew by 60.61 per cent y-o-y to Rs 0.53 crore, while Taxation decreased by 14.29 per cent at Rs -0.48 crore (Dec'22 Rs -0.56 crore).