The company reported standalone net loss during the quarter stood at Rs 1.12 crore compared to net profit of Rs 1.46 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 22.34 per cent at Rs 13.87 crore in April-June quarter of this fiscal as against Rs 17.86 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 34.60 per cent to Rs 13.23 crore from Rs 20.23 crore in year ago period.
Operating Profit surged by 127.00 per cent to Rs 0.64 crore as against Rs -2.37 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 134.74 per cent in June quarter.
Interest declined by 22.11 per cent y-o-y to Rs 0.74 crore, while Taxation decreased by 233.33 per cent at Rs -0.36 crore (Jun'24 Rs 0.27 crore).