The company reported standalone net loss during the quarter stood at Rs 5.36 crore compared to net profit of Rs 5.48 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 71.82 per cent at Rs 7.25 crore in October-December quarter of this fiscal as against Rs 25.73 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 38.17 per cent to Rs 12.60 crore from Rs 20.38 crore in year ago period.

Operating Profit slipped by 199.81 per cent to Rs -5.35 crore as against Rs 5.36 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 454.85 per cent in December quarter.