The company reported standalone net loss during the quarter stood at Rs 10.86 crore compared to net profit of Rs 0.55 crore in the previous year quarter.ÿ
Net revenue of the company rose moderately by 18.66 per cent at Rs 15.01 crore in January-March quarter of this fiscal as against Rs 12.65 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 335.83 per cent to Rs 29.07 crore from Rs 6.67 crore in year ago period.
Other Income dipped by 54.55 per cent at Rs 0.05 crore versus (Mar'24 Rs 0.11 crore).
Operating Profit slipped by 334.95 per cent to Rs -14.05 crore as against Rs 5.98 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 298.10 per cent in March quarter.
Interest grew by 158.82 per cent y-o-y to Rs 0.44 crore, while Taxation decreased by 166.92 per cent at Rs -3.58 crore (Mar'24 Rs 5.35 crore).