The company reported standalone net loss during the quarter stood at Rs 9.65 crore as compared to net loss of Rs 20.62 crore in the previous year quarter.

Net revenue of the company declined substantially by 81.86 per cent at Rs 2.21 crore in July-September quarter of this fiscal as against Rs 12.18 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 40.24 per cent to Rs 12.80 crore from Rs 21.42 crore in year ago period.

Operating Profit surged by 14.73 per cent to Rs -10.59 crore as against Rs -9.23 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 533.44 per cent in September quarter.

Interest grew by 15.34 per cent y-o-y to Rs 1.88 crore, while Taxation increased by 0.00 per cent at Rs -3.13 crore (Sep'24 Rs 0.00 crore).