The company reported standalone net loss during the quarter stood at Rs 0.53 crore compared to net profit of Rs 1.49 crore in the previous year quarter.
Net revenue of the company rose moderately by 9.92 per cent at Rs 92.01 crore in April-June quarter of this fiscal as against Rs 83.71 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 13.11 per cent to Rs 90.42 crore from Rs 79.94 crore in year ago period.
Other Income grew by 23.26 per cent at Rs 0.53 crore versus (Jun'24 Rs 0.43 crore).
Operating Profit slipped by 57.82 per cent to Rs 1.59 crore as against Rs 3.77 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 61.78 per cent in June quarter.
Interest grew by 20.00 per cent y-o-y to Rs 1.02 crore, while Taxation decreased by 87.88 per cent at Rs 0.04 crore (Jun'24 Rs 0.33 crore).