The company reported standalone net loss during the quarter stood at Rs 292.34 crore as compared to net loss of Rs 240.96 crore in the previous year quarter.

Net revenue of the company declined substantially by 46.36 per cent at Rs 8.70 crore in October-December quarter of this fiscal as against Rs 16.22 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 41.51 per cent to Rs 12.64 crore from Rs 21.61 crore in year ago period.

Other Income dipped by 97.97 per cent at Rs 0.04 crore versus (Dec'22 Rs 1.97 crore).

Operating Profit slipped by 27.09 per cent to Rs -3.93 crore as against Rs -5.39 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 36.13 per cent in December quarter.

Interest grew by 23.33 per cent y-o-y to Rs 290.36 crore