The company reported standalone net loss during the quarter stood at Rs 2.94 crore compared to net profit of Rs 2.20 crore in the previous year quarter.ÿ

Net revenue of the company declined moderately by 15.99 per cent at Rs 134.37 crore in October-December quarter of this fiscal as against Rs 159.94 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 14.92 per cent to Rs 134.96 crore from Rs 158.62 crore in year ago period.

Other Income dipped by 32.63 per cent at Rs 6.71 crore versus (Dec'22 Rs 9.96 crore).

Operating Profit slipped by 144.70 per cent to Rs -0.59 crore as against Rs 1.32 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 153.01 per cent in December quarter.

Interest declined by 5.13 per cent y-o-y to Rs 2.59 crore, while Taxation decreased by 10.91 per cent at Rs 0.98 crore (Dec'22 Rs 1.10 crore).