The company reported standalone net loss during the quarter stood at Rs 4.46 crore as compared to net loss of Rs 26.19 crore in the previous year quarter.

Net revenue of the company rose moderately by 6.62 per cent at Rs 1.45 crore in October-December quarter of this fiscal as against Rs 1.36 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 97.45 per cent to Rs 0.42 crore from Rs 16.49 crore in year ago period.

Operating Profit surged by 106.74 per cent to Rs 1.02 crore as against Rs -15.13 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 106.36 per cent in December quarter.

Interest grew by 35.86 per cent y-o-y to Rs 3.94 crore