The company reported standalone net loss during the quarter stood at Rs 17.66 crore as compared to net loss of Rs 10.33 crore in the previous year quarter.
Net revenue of the company declined moderately by 19.69 per cent at Rs 90.73 crore in April-June quarter of this fiscal as against Rs 112.97 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 14.87 per cent to Rs 85.41 crore from Rs 100.33 crore in year ago period.
Other Income dipped by 14.58 per cent at Rs 0.41 crore versus (Jun'24 Rs 0.48 crore).
Operating Profit slipped by 57.91 per cent to Rs 5.32 crore as against Rs 12.64 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 47.63 per cent in June quarter.
Interest declined by 7.39 per cent y-o-y to Rs 12.90 crore, while Taxation increased by 116.67 per cent at Rs 1.30 crore (Jun'24 Rs 0.60 crore).