The company reported standalone net loss during the quarter stood at Rs 1.15 crore compared to net profit of Rs 0.19 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 48.34 per cent at Rs 2.95 crore in October-December quarter of this fiscal as against Rs 5.71 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 38.10 per cent to Rs 1.95 crore from Rs 3.15 crore in year ago period.

Other Income dipped by 98.72 per cent at Rs 0.01 crore versus (Dec'22 Rs 0.78 crore).

Operating Profit slipped by 60.55 per cent to Rs 1.01 crore as against Rs 2.56 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.91 per cent in December quarter.

Interest declined by 30.99 per cent y-o-y to Rs 2.16 crore, while Taxation decreased by 57.14 per cent at Rs -0.03 crore (Dec'22 Rs -0.07 crore).