The company reported standalone net loss during the quarter stood at Rs 2.84 crore compared to net profit of Rs 10.14 crore in the previous year quarter.ÿ
Net revenue of the company declined moderately by 12.63 per cent at Rs 36.11 crore in April-June quarter of this fiscal as against Rs 41.33 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 82.21 per cent to Rs 25.60 crore from Rs 14.05 crore in year ago period.
Other Income grew by 4311.76 per cent at Rs 15.00 crore versus (Jun'24 Rs 0.34 crore).
Operating Profit slipped by 61.47 per cent to Rs 10.51 crore as against Rs 27.28 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 55.89 per cent in June quarter.
Interest declined by 45.54 per cent y-o-y to Rs 1.83 crore, while Taxation decreased by 126.61 per cent at Rs -0.91 crore (Jun'24 Rs 3.42 crore).