India, Feb. 2 -- The company reported standalone net loss during the quarter stood at Rs 28.83 crore compared to net profit of Rs 59.93 crore in the previous year quarter.

Net revenue of the company declined substantially by 98.82 per cent at Rs 2.06 crore in October-December quarter of this fiscal as against Rs 174.52 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 76.55 per cent to Rs 44.62 crore from Rs 190.31 crore in year ago period.

Other Income dipped by 26.32 per cent at Rs 8.09 crore versus (Dec'22 Rs 10.98 crore).

Operating Profit surged by 169.54 per cent to Rs -42.56 crore as against Rs -15.79 crore in the year ago period, while Operating Profit Margin (OPM) contrac...