The company reported standalone net loss during the quarter stood at Rs 4.39 crore compared to net profit of Rs 0.97 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 37.13 per cent at Rs 8.38 crore in January-March quarter of this fiscal as against Rs 13.33 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 25.85 per cent to Rs 13.63 crore from Rs 10.83 crore in year ago period.
Other Income dipped by 95.52 per cent at Rs 0.03 crore versus (Mar'24 Rs 0.67 crore).
Operating Profit slipped by 226.61 per cent to Rs -4.52 crore as against Rs 3.57 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 301.19 per cent in March quarter.
Interest grew by 48.39 per cent y-o-y to Rs 0.46 crore, while Taxation decreased by 154.89 per cent at Rs -0.73 crore (Mar'24 Rs 1.33 crore).