The company reported standalone net loss during the quarter stood at Rs 0.37 crore as compared to net loss of Rs 0.04 crore in the previous year quarter.
Net revenue of the company declined substantially by 72.08 per cent at Rs 8.18 crore in April-June quarter of this fiscal as against Rs 29.30 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 72.20 per cent to Rs 7.89 crore from Rs 28.38 crore in year ago period.
Operating Profit slipped by 68.48 per cent to Rs 0.29 crore as against Rs 0.92 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 13.06 per cent in June quarter.
Interest declined by 6.25 per cent y-o-y to Rs 0.60 crore, while Taxation decreased by 200.00 per cent at Rs -0.13 crore (Jun'24 Rs 0.13 crore).