The company reported standalone net loss during the quarter stood at Rs 6.65 crore as compared to net loss of Rs 81.38 crore in the previous year quarter.
Net revenue of the company rose two fold by 227.30 per cent at Rs 19.18 crore in April-June quarter of this fiscal as against Rs 5.86 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 59.07 per cent to Rs 32.54 crore from Rs 79.50 crore in year ago period.
Other Income grew by 601.52 per cent at Rs 23.08 crore versus (Jun'23 Rs 3.29 crore).
Operating Profit slipped by 81.86 per cent to Rs -13.36 crore as against Rs -73.64 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 94.46 per cent in June quarter.
Interest declined by 57.72 per cent y-o-y to Rs 4.49 crore, while Taxation increased by 0.00 per cent at Rs 11.78 crore (Jun'23 Rs 0.00 crore).