The company reported standalone net loss during the quarter stood at Rs 3.88 crore compared to net profit of Rs 5.99 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 22.87 per cent at Rs 58.75 crore in January-March quarter of this fiscal as against Rs 76.17 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 6.15 per cent to Rs 60.92 crore from Rs 64.91 crore in year ago period.
Other Income grew by 21.17 per cent at Rs 1.66 crore versus (Mar'24 Rs 1.37 crore).
Operating Profit slipped by 119.29 per cent to Rs -2.17 crore as against Rs 11.25 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 124.98 per cent in March quarter.
Interest grew by 46.38 per cent y-o-y to Rs 2.02 crore, while Taxation decreased by 156.93 per cent at Rs -1.52 crore (Mar'24 Rs 2.67 crore).