The company reported standalone net loss during the quarter stood at Rs 4.89 crore compared to net profit of Rs 13.63 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 23.57 per cent at Rs 89.80 crore in January-March quarter of this fiscal as against Rs 117.49 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 10.17 per cent to Rs 81.53 crore from Rs 90.76 crore in year ago period.
Other Income dipped by 58.99 per cent at Rs 1.78 crore versus (Mar'24 Rs 4.34 crore).
Operating Profit slipped by 69.06 per cent to Rs 8.27 crore as against Rs 26.73 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 59.52 per cent in March quarter.
Interest grew by 5.21 per cent y-o-y to Rs 5.86 crore, while Taxation decreased by 62.86 per cent at Rs 1.92 crore (Mar'24 Rs 5.17 crore).