The company reported standalone net loss during the quarter stood at Rs 5.82 crore as compared to net loss of Rs 2.42 crore in the previous year quarter.

Net revenue of the company declined substantially by 26.26 per cent at Rs 15.11 crore in October-December quarter of this fiscal as against Rs 20.49 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 29.21 per cent to Rs 14.88 crore from Rs 21.02 crore in year ago period.

Other Income dipped by 40.00 per cent at Rs 0.12 crore versus (Dec'23 Rs 0.20 crore).

Operating Profit surged by 145.28 per cent to Rs 0.24 crore as against Rs -0.53 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 160.94 per cent in December quarter.

Interest declined by 50.00 per cent y-o-y to Rs 0.50 crore, while Taxation decreased by 250.00 per cent at Rs -0.06 crore (Dec'23 Rs 0.04 crore).