The company reported standalone net loss during the quarter stood at Rs 0.11 crore as compared to net loss of Rs 1.74 crore in the previous year quarter.

Net revenue of the company declined marginally by 3.71 per cent at Rs 14.79 crore in October-December quarter of this fiscal as against Rs 15.36 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 10.27 per cent to Rs 14.16 crore from Rs 15.78 crore in year ago period.

Other Income grew by 433.33 per cent at Rs 0.16 crore versus (Dec'22 Rs 0.03 crore).

Operating Profit surged by 250.00 per cent to Rs 0.63 crore as against Rs -0.42 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 254.35 per cent in December quarter.

Interest declined by 36.00 per cent y-o-y to Rs 0.64 crore, while Taxation decreased by 60.00 per cent at Rs -0.02 crore (Dec'22 Rs -0.05 crore).