The company reported standalone net loss during the quarter stood at Rs 5.56 crore as compared to net loss of Rs 7.57 crore in the previous year quarter.

Net revenue of the company declined substantially by 60.59 per cent at Rs 4.69 crore in October-December quarter of this fiscal as against Rs 11.90 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 63.73 per cent to Rs 4.49 crore from Rs 12.38 crore in year ago period.

Other Income grew by 4360.00 per cent at Rs 2.23 crore versus (Dec'22 Rs 0.05 crore).

Operating Profit surged by 141.67 per cent to Rs 0.20 crore as against Rs -0.48 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 205.71 per cent in December quarter.

Interest grew by 4.80 per cent y-o-y to Rs 6.33 crore