The company reported standalone net loss during the quarter stood at Rs 0.37 crore compared to net profit of Rs 0.31 crore in the previous year quarter.ÿ

Net revenue of the company declined moderately by 11.65 per cent at Rs 22.67 crore in October-December quarter of this fiscal as against Rs 25.66 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 2.91 per cent to Rs 23.31 crore from Rs 22.65 crore in year ago period.

Other Income grew by 1137.50 per cent at Rs 2.97 crore versus (Dec'22 Rs 0.24 crore).

Operating Profit slipped by 121.26 per cent to Rs -0.64 crore as against Rs 3.01 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 124.11 per cent in December quarter.

Interest grew by 34.58 per cent y-o-y to Rs 1.44 crore, while Taxation decreased by 200.00 per cent at Rs -0.19 crore (Dec'22 Rs 0.19 crore).