The company reported standalone net loss during the quarter stood at Rs 0.27 crore compared to net profit of Rs 1.58 crore in the previous year quarter.ÿ

Net revenue of the company rose by 5.24 per cent at Rs 17.28 crore in October-December quarter of this fiscal as against Rs 16.42 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 5.59 per cent to Rs 16.81 crore from Rs 15.92 crore in year ago period.

Other Income grew by 300.00 per cent at Rs 0.08 crore versus (Dec'22 Rs 0.02 crore).

Operating Profit slipped by 9.80 per cent to Rs 0.46 crore as against Rs 0.51 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 12.94 per cent in December quarter.

Interest declined by 55.14 per cent y-o-y to Rs 0.48 crore, while Taxation decreased by 73.58 per cent at Rs 0.14 crore (Dec'22 Rs 0.53 crore).