The company reported standalone net loss during the quarter stood at Rs 0.18 crore compared to net profit of Rs 5.47 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 40.36 per cent at Rs 45.58 crore in January-March quarter of this fiscal as against Rs 76.42 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 32.38 per cent to Rs 46.51 crore from Rs 68.78 crore in year ago period.
Other Income grew by 114.71 per cent at Rs 1.46 crore versus (Mar'24 Rs 0.68 crore).
Operating Profit slipped by 112.16 per cent to Rs -0.93 crore as against Rs 7.65 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 120.50 per cent in March quarter.
Interest declined by 92.45 per cent y-o-y to Rs 0.04 crore, while Taxation decreased by 77.10 per cent at Rs 0.60 crore (Mar'24 Rs 2.62 crore).