The company reported standalone net loss during the quarter stood at Rs 1.62 crore as compared to net loss of Rs 3.01 crore in the previous year quarter.

Net revenue of the company rose substantially by 38.64 per cent at Rs 26.98 crore in January-March quarter of this fiscal as against Rs 19.46 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 48.15 per cent to Rs 24.77 crore from Rs 16.72 crore in year ago period.

Other Income dipped by 36.07 per cent at Rs 0.39 crore versus (Mar'23 Rs 0.61 crore).

Operating Profit slipped by 18.68 per cent to Rs 2.22 crore as against Rs 2.73 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 41.48 per cent in March quarter.

Interest declined by 62.99 per cent y-o-y to Rs 1.04 crore, while Taxation increased by 412.50 per cent at Rs 0.41 crore (Mar'23 Rs 0.08 crore).