The company reported standalone net loss during the quarter stood at Rs 20.56 crore compared to net profit of Rs 7.49 crore in the previous year quarter.ÿ

Net revenue of the company rose substantially by 25.87 per cent at Rs 25.59 crore in October-December quarter of this fiscal as against Rs 20.33 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 263.49 per cent to Rs 45.00 crore from Rs 12.38 crore in year ago period.

Other Income grew by 73.17 per cent at Rs 0.71 crore versus (Dec'23 Rs 0.41 crore).

Operating Profit slipped by 343.84 per cent to Rs -19.41 crore as against Rs 7.96 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 293.82 per cent in December quarter.

Interest grew by 394.12 per cent y-o-y to Rs 0.84 crore, while Taxation increased by 600.00 per cent at Rs 0.30 crore (Dec'23 Rs -0.06 crore).