The company reported standalone net loss during the quarter stood at Rs 13.91 crore as compared to net loss of Rs 13.22 crore in the previous year quarter.

Net revenue of the company declined substantially by 21.92 per cent at Rs 67.71 crore in October-December quarter of this fiscal as against Rs 86.72 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 18.53 per cent to Rs 88.00 crore from Rs 108.01 crore in year ago period.

Other Income dipped by 9.60 per cent at Rs 10.55 crore versus (Dec'23 Rs 11.67 crore).

Operating Profit slipped by 7.65 per cent to Rs -19.67 crore as against Rs -21.30 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 18.28 per cent in December quarter.

Interest grew by 1.16 per cent y-o-y to Rs 4.36 crore, while Taxation decreased by 32.70 per cent at Rs -1.42 crore (Dec'23 Rs -2.11 crore).