The company reported standalone net loss during the quarter stood at Rs 1.65 crore as compared to net loss of Rs 1.23 crore in the previous year quarter.

Net revenue of the company declined substantially by 31.39 per cent at Rs 5.77 crore in October-December quarter of this fiscal as against Rs 8.41 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 24.37 per cent to Rs 6.95 crore from Rs 9.19 crore in year ago period.

Other Income dipped by 87.50 per cent at Rs 0.02 crore versus (Dec'23 Rs 0.16 crore).

Operating Profit surged by 51.28 per cent to Rs -1.18 crore as against Rs -0.78 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 118.33 per cent in December quarter.

Interest declined by 32.43 per cent y-o-y to Rs 0.25 crore, while Taxation increased by 66.67 per cent at Rs 0.05 crore (Dec'23 Rs 0.03 crore).