The company reported standalone net loss during the quarter stood at Rs 1.35 crore as compared to net loss of Rs 8.74 crore in the previous year quarter.
Net revenue of the company declined substantially by 22.83 per cent at Rs 27.59 crore in January-March quarter of this fiscal as against Rs 35.75 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 43.28 per cent to Rs 28.41 crore from Rs 50.09 crore in year ago period.
Other Income dipped by 55.31 per cent at Rs 2.06 crore versus (Mar'24 Rs 4.61 crore).
Operating Profit slipped by 94.21 per cent to Rs -0.83 crore as against Rs -14.34 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 92.55 per cent in March quarter.
Interest declined by 49.00 per cent y-o-y to Rs 1.02 crore, while Taxation increased by 115.32 per cent at Rs 0.59 crore (Mar'24 Rs -3.85 crore).