The company reported standalone net loss during the quarter stood at Rs 4.40 crore as compared to net loss of Rs 1.33 crore in the previous year quarter.
Net revenue of the company declined substantially by 23.90 per cent at Rs 179.04 crore in January-March quarter of this fiscal as against Rs 235.26 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 22.93 per cent to Rs 180.02 crore from Rs 233.59 crore in year ago period.
Other Income dipped by 61.08 per cent at Rs 0.79 crore versus (Mar'24 Rs 2.03 crore).
Operating Profit slipped by 158.08 per cent to Rs -0.97 crore as against Rs 1.67 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 176.06 per cent in March quarter.
Interest declined by 14.87 per cent y-o-y to Rs 2.29 crore, while Taxation increased by 28.78 per cent at Rs -1.79 crore (Mar'24 Rs -1.39 crore).