The company reported standalone net loss during the quarter stood at Rs 0.95 crore compared to net profit of Rs 3.06 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 36.30 per cent at Rs 39.04 crore in October-December quarter of this fiscal as against Rs 61.29 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 31.38 per cent to Rs 39.91 crore from Rs 58.16 crore in year ago period.

Other Income dipped by 80.00 per cent at Rs 0.02 crore versus (Dec'23 Rs 0.10 crore).

Operating Profit slipped by 127.80 per cent to Rs -0.87 crore as against Rs 3.13 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 143.64 per cent in December quarter.

Interest declined by 43.75 per cent y-o-y to Rs 0.09 crore