The company reported standalone net loss during the quarter stood at Rs 1.23 crore compared to net profit of Rs 1.11 crore in the previous year quarter.ÿ

Net revenue of the company declined moderately by 17.23 per cent at Rs 41.17 crore in October-December quarter of this fiscal as against Rs 49.74 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 12.99 per cent to Rs 37.36 crore from Rs 42.94 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 43.97 per cent to Rs 3.81 crore as against Rs 6.80 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 32.33 per cent in December quarter.

Interest grew by 21.24 per cent y-o-y to Rs 2.34 crore, while Taxation decreased by 182.61 per cent at Rs -0.38 crore (Dec'22 Rs 0.46 crore).