The company reported standalone net loss during the quarter stood at Rs 6.71 crore as compared to net loss of Rs 4.66 crore in the previous year quarter. Net revenue of the company rose triple digit by 183.60 per cent at Rs 5.36 crore in October-December quarter of this fiscal as against Rs 1.89 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 77.18 per cent to Rs 14.21 crore from Rs 8.02 crore in year ago period. Operating Profit surged by 44.14 per cent to Rs -8.85 crore as against Rs -6.14 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 49.20 per cent in December quarter. Interest grew by 0.00 per cent y-o-y to Rs 0.24 crore, while Taxation increased by 61.25 per cent at Rs -2.58 crore (Dec'16 Rs -1.60 crore).