The company reported standalone net loss during the quarter stood at Rs 1.90 crore compared to net profit of Rs 0.40 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 36.49 per cent at Rs 25.97 crore in October-December quarter of this fiscal as against Rs 40.89 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 28.79 per cent to Rs 27.01 crore from Rs 37.93 crore in year ago period.

Other Income grew by 340.00 per cent at Rs 0.22 crore versus (Dec'22 Rs 0.05 crore).

Operating Profit slipped by 135.14 per cent to Rs -1.04 crore as against Rs 2.96 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 155.25 per cent in December quarter.

Interest declined by 41.67 per cent y-o-y to Rs 0.70 crore, while Taxation decreased by 282.35 per cent at Rs -0.62 crore (Dec'22 Rs 0.34 crore).