The company reported standalone net loss during the quarter stood at Rs 2.19 crore compared to net profit of Rs 0.05 crore in the previous year quarter.ÿ

Net revenue of the company declined moderately by 14.53 per cent at Rs 97.49 crore in October-December quarter of this fiscal as against Rs 114.07 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 12.74 per cent to Rs 98.74 crore from Rs 113.16 crore in year ago period.

Other Income dipped by 36.36 per cent at Rs 0.07 crore versus (Dec'22 Rs 0.11 crore).

Operating Profit slipped by 237.36 per cent to Rs -1.25 crore as against Rs 0.91 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 261.25 per cent in December quarter.

Interest grew by 61.02 per cent y-o-y to Rs 0.95 crore, while Taxation increased by 0.00 per cent at Rs -0.30 crore (Dec'22 Rs 0.00 crore).