The company reported standalone net loss during the quarter stood at Rs 5.11 crore as compared to net loss of Rs 4.23 crore in the previous year quarter.

Net revenue of the company declined marginally by 3.54 per cent at Rs 18.79 crore in October-December quarter of this fiscal as against Rs 19.48 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 0.46 per cent to Rs 21.66 crore from Rs 21.76 crore in year ago period.

Other Income dipped by 1.69 per cent at Rs -0.58 crore versus (Dec'23 Rs -0.59 crore).

Operating Profit surged by 25.88 per cent to Rs -2.87 crore as against Rs -2.28 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 30.51 per cent in December quarter.

Interest grew by 41.89 per cent y-o-y to Rs 1.05 crore, while Taxation decreased by 12.50 per cent at Rs -0.07 crore (Dec'23 Rs -0.08 crore).