The company reported standalone net loss during the quarter stood at Rs 4.48 crore compared to net profit of Rs 0.99 crore in the previous year quarter.ÿ
Net revenue of the company rose substantially by 34.14 per cent at Rs 21.73 crore in January-March quarter of this fiscal as against Rs 16.20 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 81.05 per cent to Rs 26.18 crore from Rs 14.46 crore in year ago period.
Operating Profit slipped by 355.75 per cent to Rs -4.45 crore as against Rs 1.74 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 290.60 per cent in March quarter.
Interest grew by 33.93 per cent y-o-y to Rs 0.75 crore, while Taxation decreased by 507.41 per cent at Rs -1.10 crore (Mar'24 Rs 0.27 crore).