The company reported standalone net loss during the quarter stood at Rs 17.97 crore as compared to net loss of Rs 9.37 crore in the previous year quarter.
Net revenue of the company declined moderately by 12.98 per cent at Rs 48.80 crore in April-June quarter of this fiscal as against Rs 56.08 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 8.37 per cent to Rs 52.09 crore from Rs 56.85 crore in year ago period.
Other Income grew by 4.55 per cent at Rs 0.46 crore versus (Jun'24 Rs 0.44 crore).
Operating Profit surged by 327.27 per cent to Rs -3.29 crore as against Rs -0.77 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 389.13 per cent in June quarter.
Interest grew by 10.28 per cent y-o-y to Rs 11.37 crore, while Taxation increased by 102.35 per cent at Rs 0.12 crore (Jun'24 Rs -5.11 crore).