The company reported standalone net loss during the quarter stood at Rs 4.51 crore compared to net profit of Rs 11.03 crore in the previous year quarter.ÿ
Net revenue of the company rose by 0.86 per cent at Rs 42.41 crore in January-March quarter of this fiscal as against Rs 42.05 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 58.04 per cent to Rs 44.11 crore from Rs 27.91 crore in year ago period.
Other Income dipped by 65.22 per cent at Rs 1.04 crore versus (Mar'24 Rs 2.99 crore).
Operating Profit slipped by 111.95 per cent to Rs -1.69 crore as against Rs 14.14 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 111.86 per cent in March quarter.
Interest declined by 68.75 per cent y-o-y to Rs 0.05 crore, while Taxation decreased by 114.68 per cent at Rs -0.43 crore (Mar'24 Rs 2.93 crore).