The company reported standalone net loss during the quarter stood at Rs 2.39 crore compared to net profit of Rs 5.23 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 27.48 per cent at Rs 14.33 crore in January-March quarter of this fiscal as against Rs 19.76 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 5.78 per cent to Rs 17.12 crore from Rs 18.17 crore in year ago period.
Other Income dipped by 85.45 per cent at Rs 0.62 crore versus (Mar'24 Rs 4.26 crore).
Operating Profit slipped by 274.84 per cent to Rs -2.78 crore as against Rs 1.59 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 341.29 per cent in March quarter.
Interest declined by 25.00 per cent y-o-y to Rs 0.03 crore, while Taxation decreased by 90.24 per cent at Rs 0.04 crore (Mar'24 Rs 0.41 crore).