The company reported standalone net loss during the quarter stood at Rs 1.11 crore compared to net profit of Rs 12.73 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 28.01 per cent at Rs 13.65 crore in January-March quarter of this fiscal as against Rs 18.96 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 40.55 per cent to Rs 13.02 crore from Rs 21.90 crore in year ago period.
Other Income dipped by 98.83 per cent at Rs 0.21 crore versus (Mar'24 Rs 17.90 crore).
Operating Profit surged by 121.09 per cent to Rs 0.62 crore as against Rs -2.94 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 129.50 per cent in March quarter.
Interest declined by 53.64 per cent y-o-y to Rs 0.70 crore, while Taxation decreased by 165.12 per cent at Rs -0.28 crore (Mar'24 Rs 0.43 crore).