The company reported standalone net loss during the quarter stood at Rs 0.70 crore as compared to net loss of Rs 0.47 crore in the previous year quarter.

Net revenue of the company rose substantially by 31.19 per cent at Rs 5.09 crore in October-December quarter of this fiscal as against Rs 3.88 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 41.10 per cent to Rs 5.15 crore from Rs 3.65 crore in year ago period.

Operating Profit slipped by 130.43 per cent to Rs -0.07 crore as against Rs 0.23 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 121.37 per cent in December quarter.

Interest declined by 23.53 per cent y-o-y to Rs 0.26 crore