The company reported standalone net loss during the quarter stood at Rs 3.91 crore as compared to net loss of Rs 4.15 crore in the previous year quarter.

Net revenue of the company declined moderately by 9.69 per cent at Rs 66.79 crore in October-December quarter of this fiscal as against Rs 73.96 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 8.32 per cent to Rs 69.99 crore from Rs 76.34 crore in year ago period.

Other Income dipped by 44.12 per cent at Rs 0.19 crore versus (Dec'23 Rs 0.34 crore).

Operating Profit surged by 33.89 per cent to Rs -3.20 crore as against Rs -2.39 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 48.30 per cent in December quarter.

Interest declined by 1.96 per cent y-o-y to Rs 0.50 crore, while Taxation increased by 94.52 per cent at Rs -1.42 crore (Dec'23 Rs -0.73 crore).