India, March 5 -- The company reported standalone net loss during the quarter stood at Rs 1.28 crore as compared to net loss of Rs 0.05 crore in the previous year quarter.

Net revenue of the company rose substantially by 39.17 per cent at Rs 46.33 crore in October-December quarter of this fiscal as against Rs 33.29 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 43.13 per cent to Rs 47.39 crore from Rs 33.11 crore in year ago period.

Operating Profit slipped by 688.89 per cent to Rs -1.06 crore as against Rs 0.18 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 525.93 per cent in December quarter.

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