The company reported standalone net loss during the quarter stood at Rs 1.69 crore as compared to net loss of Rs 1.23 crore in the previous year quarter.

Net revenue of the company rose moderately by 9.08 per cent at Rs 44.91 crore in October-December quarter of this fiscal as against Rs 41.17 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 12.34 per cent to Rs 41.97 crore from Rs 37.36 crore in year ago period.

Other Income grew by 4.55 per cent at Rs 0.23 crore versus (Dec'23 Rs 0.22 crore).

Operating Profit slipped by 22.83 per cent to Rs 2.94 crore as against Rs 3.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 29.19 per cent in December quarter.

Interest declined by 22.22 per cent y-o-y to Rs 1.82 crore, while Taxation increased by 86.84 per cent at Rs -0.71 crore (Dec'23 Rs -0.38 crore).