The company reported standalone net loss during the quarter stood at Rs 2.17 crore compared to net profit of Rs 0.03 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 21.57 per cent at Rs 89.53 crore in January-March quarter of this fiscal as against Rs 114.16 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 17.91 per cent to Rs 86.15 crore from Rs 104.94 crore in year ago period.
Other Income grew by 11.82 per cent at Rs 1.23 crore versus (Mar'24 Rs 1.10 crore).
Operating Profit slipped by 63.34 per cent to Rs 3.38 crore as against Rs 9.22 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 53.22 per cent in March quarter.
Interest declined by 19.08 per cent y-o-y to Rs 4.41 crore, while Taxation decreased by 5.11 per cent at Rs -1.67 crore (Mar'24 Rs -1.76 crore).