The company reported standalone net loss during the quarter stood at Rs 23.75 crore as compared to net loss of Rs 17.25 crore in the previous year quarter.

Net revenue of the company rose by 0.20 per cent at Rs 20.44 crore in July-September quarter of this fiscal as against Rs 20.40 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 38.35 per cent to Rs 18.94 crore from Rs 13.69 crore in year ago period.

Operating Profit slipped by 77.65 per cent to Rs 1.50 crore as against Rs 6.71 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 77.75 per cent in September quarter.

Interest grew by 10.11 per cent y-o-y to Rs 18.19 crore