The company reported standalone net loss during the quarter stood at Rs 14.58 crore as compared to net loss of Rs 11.33 crore in the previous year quarter.

Net revenue of the company rose moderately by 17.16 per cent at Rs 120.83 crore in October-December quarter of this fiscal as against Rs 103.13 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 17.75 per cent to Rs 110.71 crore from Rs 94.02 crore in year ago period.

Other Income dipped by 8.00 per cent at Rs 0.46 crore versus (Dec'22 Rs 0.50 crore).

Operating Profit surged by 11.09 per cent to Rs 10.12 crore as against Rs 9.11 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.21 per cent in December quarter.

Interest grew by 26.57 per cent y-o-y to Rs 15.29 crore, while Taxation increased by 0.00 per cent at Rs 0.95 crore (Dec'22 Rs 0.00 crore).