The company reported standalone net loss during the quarter stood at Rs 0.81 crore as compared to net loss of Rs 2.03 crore in the previous year quarter.

Net revenue of the company rose substantially by 31.24 per cent at Rs 55.91 crore in October-December quarter of this fiscal as against Rs 42.60 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 22.35 per cent to Rs 52.99 crore from Rs 43.31 crore in year ago period.

Other Income dipped by 23.53 per cent at Rs 0.26 crore versus (Dec'22 Rs 0.34 crore).

Operating Profit surged by 511.27 per cent to Rs 2.92 crore as against Rs -0.71 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 412.57 per cent in December quarter.

Interest grew by 69.89 per cent y-o-y to Rs 1.58 crore, while Taxation increased by 114.93 per cent at Rs 0.10 crore (Dec'22 Rs -0.67 crore).