The company reported standalone net loss during the quarter stood at Rs 7.74 crore compared to net profit of Rs 3.09 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 26.70 per cent at Rs 71.70 crore in January-March quarter of this fiscal as against Rs 97.82 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 12.45 per cent to Rs 77.48 crore from Rs 88.50 crore in year ago period.
Other Income grew by 40.91 per cent at Rs 1.55 crore versus (Mar'24 Rs 1.10 crore).
Operating Profit slipped by 162.08 per cent to Rs -5.78 crore as against Rs 9.31 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 184.66 per cent in March quarter.
Interest grew by 13.43 per cent y-o-y to Rs 2.45 crore, while Taxation decreased by 169.19 per cent at Rs -1.46 crore (Mar'24 Rs 2.11 crore).