The company reported standalone net loss during the quarter stood at Rs 164.97 crore as compared to net loss of Rs 27.63 crore in the previous year quarter.

Net revenue of the company declined moderately by 10.18 per cent at Rs 58.33 crore in October-December quarter of this fiscal as against Rs 64.94 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 10.01 per cent to Rs 49.51 crore from Rs 55.02 crore in year ago period.

Other Income dipped by 9.68 per cent at Rs 0.28 crore versus (Dec'23 Rs 0.31 crore).

Operating Profit slipped by 10.99 per cent to Rs 8.83 crore as against Rs 9.92 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 0.92 per cent in December quarter.

Interest grew by 3.91 per cent y-o-y to Rs 33.74 crore