The company reported standalone net loss during the quarter stood at Rs 2.06 crore as compared to net loss of Rs 2.15 crore in the previous year quarter.

Net revenue of the company declined substantially by 20.68 per cent at Rs 16.68 crore in October-December quarter of this fiscal as against Rs 21.03 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 18.94 per cent to Rs 18.74 crore from Rs 23.12 crore in year ago period.

Other Income dipped by 15.38 per cent at Rs 0.11 crore versus (Dec'23 Rs 0.13 crore).

Operating Profit slipped by 1.44 per cent to Rs -2.06 crore as against Rs -2.09 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 24.50 per cent in December quarter.

Interest declined by 41.18 per cent y-o-y to Rs 0.10 crore