The company reported standalone net loss during the quarter stood at Rs 18.78 crore as compared to net loss of Rs 13.94 crore in the previous year quarter.
Net revenue of the company declined substantially by 48.07 per cent at Rs 27.46 crore in January-March quarter of this fiscal as against Rs 52.88 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 33.27 per cent to Rs 42.68 crore from Rs 63.96 crore in year ago period.
Other Income grew by 170.00 per cent at Rs 1.62 crore versus (Mar'24 Rs 0.60 crore).
Operating Profit surged by 37.36 per cent to Rs -15.22 crore as against Rs -11.08 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 164.36 per cent in March quarter.
Interest grew by 768.00 per cent y-o-y to Rs 1.67 crore, while Taxation decreased by 221.95 per cent at Rs -1.00 crore (Mar'24 Rs 0.82 crore).