The company reported standalone net loss during the quarter stood at Rs 0.03 crore compared to net profit of Rs 0.25 crore in the previous year quarter.ÿ

Net revenue of the company declined moderately by 17.92 per cent at Rs 21.12 crore in October-December quarter of this fiscal as against Rs 25.73 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 17.48 per cent to Rs 20.20 crore from Rs 24.48 crore in year ago period.

Other Income grew by 500.00 per cent at Rs 0.12 crore versus (Dec'22 Rs 0.02 crore).

Operating Profit slipped by 26.40 per cent to Rs 0.92 crore as against Rs 1.25 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.27 per cent in December quarter.

Interest declined by 16.67 per cent y-o-y to Rs 0.65 crore, while Taxation decreased by 52.17 per cent at Rs -0.11 crore (Dec'22 Rs -0.23 crore).