The company reported standalone net loss during the quarter stood at Rs 4.93 crore compared to net profit of Rs 0.36 crore in the previous year quarter.ÿ

Net revenue of the company declined moderately by 9.00 per cent at Rs 22.34 crore in October-December quarter of this fiscal as against Rs 24.55 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 11.62 per cent to Rs 24.30 crore from Rs 21.77 crore in year ago period.

Other Income grew by 1050.00 per cent at Rs 1.15 crore versus (Dec'23 Rs 0.10 crore).

Operating Profit slipped by 170.50 per cent to Rs -1.96 crore as against Rs 2.78 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 177.56 per cent in December quarter.

Interest declined by 33.33 per cent y-o-y to Rs 0.50 crore, while Taxation decreased by 66.10 per cent at Rs 0.20 crore (Dec'23 Rs 0.59 crore).