The company reported standalone net loss during the quarter stood at Rs 20.77 crore as compared to net loss of Rs 29.88 crore in the previous year quarter.

Net revenue of the company declined substantially by 91.34 per cent at Rs 1.09 crore in October-December quarter of this fiscal as against Rs 12.58 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 35.25 per cent to Rs 25.02 crore from Rs 38.64 crore in year ago period.

Other Income dipped by 97.04 per cent at Rs 0.08 crore versus (Dec'23 Rs 2.70 crore).

Operating Profit slipped by 8.14 per cent to Rs -23.93 crore as against Rs -26.05 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 961.19 per cent in December quarter.

Interest declined by 148.30 per cent y-o-y to Rs -3.13 crore, while Taxation increased by 200.00 per cent at Rs 0.01 crore (Dec'23 Rs -0.01 crore).