The company reported standalone net loss during the quarter stood at Rs 3.53 crore compared to net profit of Rs 0.53 crore in the previous year quarter.ÿ

Net revenue of the company declined marginally by 4.28 per cent at Rs 53.20 crore in October-December quarter of this fiscal as against Rs 55.58 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 10.77 per cent to Rs 46.41 crore from Rs 52.01 crore in year ago period.

Other Income dipped by 139.41 per cent at Rs -2.01 crore versus (Dec'23 Rs 5.10 crore).

Operating Profit surged by 90.20 per cent to Rs 6.79 crore as against Rs 3.57 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 98.60 per cent in December quarter.

Interest declined by 3.67 per cent y-o-y to Rs 3.94 crore, while Taxation increased by 255.26 per cent at Rs 0.59 crore (Dec'23 Rs -0.38 crore).