The company reported standalone net loss during the quarter stood at Rs 24.36 crore as compared to net loss of Rs 417.16 crore in the previous year quarter.

Net revenue of the company declined substantially by 41.25 per cent at Rs 89.63 crore in October-December quarter of this fiscal as against Rs 152.57 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 38.27 per cent to Rs 94.26 crore from Rs 152.70 crore in year ago period.

Other Income grew by 56.52 per cent at Rs 0.36 crore versus (Dec'22 Rs 0.23 crore).

Operating Profit surged by 3461.54 per cent to Rs -4.63 crore as against Rs -0.13 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6362.50 per cent in December quarter.

Interest grew by 8.71 per cent y-o-y to Rs 7.49 crore