The company reported standalone net loss during the quarter stood at Rs 0.55 crore compared to net profit of Rs 2.54 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 39.98 per cent at Rs 10.27 crore in October-December quarter of this fiscal as against Rs 17.11 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 25.95 per cent to Rs 10.73 crore from Rs 14.49 crore in year ago period.

Operating Profit slipped by 117.18 per cent to Rs -0.45 crore as against Rs 2.62 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 128.77 per cent in December quarter.

Interest grew by 200.00 per cent y-o-y to Rs 0.06 crore