The company reported standalone net loss during the quarter stood at Rs 24.53 crore as compared to net loss of Rs 0.46 crore in the previous year quarter.

Net revenue of the company rose marginally by 3.57 per cent at Rs 3.48 crore in October-December quarter of this fiscal as against Rs 3.36 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 1012.70 per cent to Rs 27.15 crore from Rs 2.44 crore in year ago period.

Other Income dipped by 66.67 per cent at Rs 0.02 crore versus (Dec'23 Rs 0.06 crore).

Operating Profit slipped by 2701.10 per cent to Rs -23.67 crore as against Rs 0.91 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2602.57 per cent in December quarter.

Interest declined by 43.31 per cent y-o-y to Rs 0.72 crore, while Taxation increased by 0.00 per cent at Rs -0.02 crore (Dec'23 Rs 0.00 crore).