The company reported standalone net loss during the quarter stood at Rs 2.85 crore as compared to net loss of Rs 1.50 crore in the previous year quarter.

Net revenue of the company declined moderately by 11.26 per cent at Rs 50.70 crore in October-December quarter of this fiscal as against Rs 57.13 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 9.97 per cent to Rs 52.39 crore from Rs 58.19 crore in year ago period.

Other Income grew by 7.14 per cent at Rs 1.05 crore versus (Dec'22 Rs 0.98 crore).

Operating Profit surged by 59.43 per cent to Rs -1.69 crore as against Rs -1.06 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 79.03 per cent in December quarter.

Interest grew by 12.77 per cent y-o-y to Rs 1.06 crore, while Taxation increased by 116.36 per cent at Rs 0.09 crore (Dec'22 Rs -0.55 crore).