The company reported standalone net loss during the quarter stood at Rs 23.54 crore as compared to net loss of Rs 19.03 crore in the previous year quarter.

Net revenue of the company rose moderately by 13.15 per cent at Rs 21.86 crore in October-December quarter of this fiscal as against Rs 19.32 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 32.43 per cent to Rs 19.52 crore from Rs 14.74 crore in year ago period.

Operating Profit slipped by 48.91 per cent to Rs 2.34 crore as against Rs 4.58 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 54.96 per cent in December quarter.

Interest grew by 11.58 per cent y-o-y to Rs 18.70 crore