The company reported standalone net loss during the quarter stood at Rs 0.75 crore compared to net profit of Rs 3.62 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 48.03 per cent at Rs 76.42 crore in January-March quarter of this fiscal as against Rs 147.06 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 45.98 per cent to Rs 76.87 crore from Rs 142.31 crore in year ago period.
Other Income dipped by 22.86 per cent at Rs 1.35 crore versus (Mar'24 Rs 1.75 crore).
Operating Profit slipped by 109.24 per cent to Rs -0.44 crore as against Rs 4.76 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 117.96 per cent in March quarter.
Interest declined by 8.70 per cent y-o-y to Rs 0.42 crore, while Taxation decreased by 124.77 per cent at Rs -0.27 crore (Mar'24 Rs 1.09 crore).