The company reported standalone net loss during the quarter stood at Rs 1.91 crore as compared to net loss of Rs 10.48 crore in the previous year quarter.

Net revenue of the company declined substantially by 86.41 per cent at Rs 1.20 crore in October-December quarter of this fiscal as against Rs 8.83 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 93.66 per cent to Rs 0.96 crore from Rs 15.15 crore in year ago period.

Other Income grew by 19200.00 per cent at Rs 1.93 crore versus (Dec'22 Rs 0.01 crore).

Operating Profit surged by 103.96 per cent to Rs 0.25 crore as against Rs -6.32 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 128.50 per cent in December quarter.

Taxation increased by 16.22 per cent at Rs -0.43 crore (Dec'22 Rs -0.37 crore).