The company reported standalone net loss during the quarter stood at Rs 0.77 crore as compared to net loss of Rs 0.04 crore in the previous year quarter.
Net revenue of the company declined substantially by 38.15 per cent at Rs 32.78 crore in January-March quarter of this fiscal as against Rs 53.00 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 37.52 per cent to Rs 30.06 crore from Rs 48.11 crore in year ago period.
Other Income dipped by 6.19 per cent at Rs 0.91 crore versus (Mar'24 Rs 0.97 crore).
Operating Profit slipped by 44.49 per cent to Rs 2.72 crore as against Rs 4.90 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.28 per cent in March quarter.
Interest grew by 91.81 per cent y-o-y to Rs 3.28 crore, while Taxation increased by 38.89 per cent at Rs 0.25 crore (Mar'24 Rs 0.18 crore).