The company reported standalone net loss during the quarter stood at Rs 1.97 crore compared to net profit of Rs 0.37 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 67.47 per cent at Rs 4.84 crore in October-December quarter of this fiscal as against Rs 14.88 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 55.60 per cent to Rs 5.87 crore from Rs 13.22 crore in year ago period.

Other Income grew by 33.33 per cent at Rs 0.12 crore versus (Dec'22 Rs 0.09 crore).

Operating Profit slipped by 161.45 per cent to Rs -1.02 crore as against Rs 1.66 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 289.42 per cent in December quarter.

Interest declined by 17.48 per cent y-o-y to Rs 0.85 crore, while Taxation decreased by 85.71 per cent at Rs 0.01 crore (Dec'22 Rs 0.07 crore).