The company reported standalone net loss during the quarter stood at Rs 1.14 crore as compared to net loss of Rs 1.19 crore in the previous year quarter.

Net revenue of the company declined substantially by 23.83 per cent at Rs 2.27 crore in October-December quarter of this fiscal as against Rs 2.98 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 19.48 per cent to Rs 2.77 crore from Rs 3.44 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.04 crore versus (Dec'23 Rs 0.04 crore).

Operating Profit surged by 6.52 per cent to Rs -0.49 crore as against Rs -0.46 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 40.98 per cent in December quarter.

Interest declined by 42.42 per cent y-o-y to Rs 0.38 crore, while Taxation decreased by 93.10 per cent at Rs -0.02 crore (Dec'23 Rs -0.29 crore).