The company reported standalone net loss during the quarter stood at Rs 0.32 crore compared to net profit of Rs 1.16 crore in the previous year quarter.ÿ

Net revenue of the company declined moderately by 17.92 per cent at Rs 28.21 crore in October-December quarter of this fiscal as against Rs 34.37 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 13.79 per cent to Rs 28.58 crore from Rs 33.15 crore in year ago period.

Other Income dipped by 32.69 per cent at Rs 0.35 crore versus (Dec'23 Rs 0.52 crore).

Operating Profit slipped by 130.33 per cent to Rs -0.37 crore as against Rs 1.22 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 137.36 per cent in December quarter.

Interest grew by 158.33 per cent y-o-y to Rs 0.31 crore, while Taxation decreased by 144.74 per cent at Rs -0.17 crore (Dec'23 Rs 0.38 crore).