The company reported standalone net loss during the quarter stood at Rs 11.18 crore as compared to net loss of Rs 6.41 crore in the previous year quarter.

Net revenue of the company declined moderately by 6.95 per cent at Rs 78.17 crore in October-December quarter of this fiscal as against Rs 84.01 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 0.31 per cent to Rs 82.55 crore from Rs 82.81 crore in year ago period.

Other Income dipped by 19.35 per cent at Rs 0.25 crore versus (Dec'22 Rs 0.31 crore).

Operating Profit slipped by 464.17 per cent to Rs -4.37 crore as against Rs 1.20 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 491.61 per cent in December quarter.

Interest grew by 18.56 per cent y-o-y to Rs 8.56 crore, while Taxation increased by 72.76 per cent at Rs -5.58 crore (Dec'22 Rs -3.23 crore).