The company reported standalone net loss during the quarter stood at Rs 43.73 crore as compared to net loss of Rs 21.19 crore in the previous year quarter.

Net revenue of the company declined substantially by 32.26 per cent at Rs 66.33 crore in October-December quarter of this fiscal as against Rs 97.92 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 20.03 per cent to Rs 74.64 crore from Rs 93.34 crore in year ago period.

Other Income grew by 343.18 per cent at Rs 1.95 crore versus (Dec'23 Rs 0.44 crore).

Operating Profit slipped by 281.44 per cent to Rs -8.31 crore as against Rs 4.58 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 367.74 per cent in December quarter.

Interest declined by 4.95 per cent y-o-y to Rs 19.01 crore