The company reported standalone net loss during the quarter stood at Rs 5.14 crore compared to net profit of Rs 0.31 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 31.01 per cent at Rs 84.29 crore in January-March quarter of this fiscal as against Rs 122.17 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 23.26 per cent to Rs 91.11 crore from Rs 118.72 crore in year ago period.
Other Income grew by 139.44 per cent at Rs 0.28 crore versus (Mar'24 Rs -0.71 crore).
Operating Profit slipped by 297.39 per cent to Rs -6.81 crore as against Rs 3.45 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 386.52 per cent in March quarter.
Interest declined by 53.33 per cent y-o-y to Rs 0.14 crore, while Taxation decreased by 175.11 per cent at Rs -1.66 crore (Mar'24 Rs 2.21 crore).