The company reported standalone net loss during the quarter stood at Rs 16.05 crore as compared to net loss of Rs 11.80 crore in the previous year quarter.
Net revenue of the company declined substantially by 27.20 per cent at Rs 1.90 crore in January-March quarter of this fiscal as against Rs 2.61 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 210.81 per cent to Rs 0.41 crore from Rs -0.37 crore in year ago period.
Other Income grew by 14.29 per cent at Rs 0.08 crore versus (Mar'24 Rs 0.07 crore).
Operating Profit slipped by 50.00 per cent to Rs 1.49 crore as against Rs 2.98 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 31.28 per cent in March quarter.
Interest declined by 11.67 per cent y-o-y to Rs 0.53 crore, while Taxation decreased by 46.02 per cent at Rs 3.73 crore (Mar'24 Rs 6.91 crore).