The company reported standalone net loss during the quarter stood at Rs 4.91 crore as compared to net loss of Rs 7.64 crore in the previous year quarter.

Net revenue of the company declined substantially by 26.00 per cent at Rs 96.36 crore in October-December quarter of this fiscal as against Rs 130.22 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 25.24 per cent to Rs 95.03 crore from Rs 127.12 crore in year ago period.

Other Income dipped by 24.38 per cent at Rs 1.21 crore versus (Dec'23 Rs 1.60 crore).

Operating Profit slipped by 56.77 per cent to Rs 1.34 crore as against Rs 3.10 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 41.60 per cent in December quarter.

Interest declined by 48.64 per cent y-o-y to Rs 4.33 crore