The company reported standalone net loss during the quarter stood at Rs 5.06 crore compared to net profit of Rs 2.72 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 89.49 per cent at Rs 1.46 crore in July-September quarter of this fiscal as against Rs 13.89 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 48.95 per cent to Rs 4.12 crore from Rs 8.07 crore in year ago period.

Other Income dipped by 86.49 per cent at Rs 0.05 crore versus (Sep'23 Rs 0.37 crore).

Operating Profit slipped by 145.70 per cent to Rs -2.66 crore as against Rs 5.82 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 534.82 per cent in September quarter.