The company reported standalone net loss during the quarter stood at Rs 7.99 crore as compared to net loss of Rs 15.32 crore in the previous year quarter.
Net revenue of the company declined substantially by 87.75 per cent at Rs 3.99 crore in January-March quarter of this fiscal as against Rs 32.56 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 22.48 per cent to Rs 23.81 crore from Rs 19.44 crore in year ago period.
Other Income dipped by 90.74 per cent at Rs 0.25 crore versus (Mar'24 Rs 2.70 crore).
Operating Profit slipped by 251.07 per cent to Rs -19.82 crore as against Rs 13.12 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1334.35 per cent in March quarter.
Interest declined by 33.33 per cent y-o-y to Rs 0.02 crore, while Taxation decreased by 137.33 per cent at Rs -11.61 crore (Mar'24 Rs 31.10 crore).