The company reported standalone net loss during the quarter stood at Rs 16.12 crore as compared to net loss of Rs 0.86 crore in the previous year quarter.
Net revenue of the company declined substantially by 45.82 per cent at Rs 6.29 crore in January-March quarter of this fiscal as against Rs 11.61 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 28.66 per cent to Rs 13.96 crore from Rs 10.85 crore in year ago period.
Other Income dipped by 77.01 per cent at Rs 3.01 crore versus (Mar'24 Rs 13.09 crore).
Operating Profit slipped by 1121.33 per cent to Rs -7.66 crore as against Rs 0.75 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1978.55 per cent in March quarter.
Interest declined by 0.52 per cent y-o-y to Rs 5.77 crore, while Taxation decreased by 211.02 per cent at Rs -1.41 crore (Mar'24 Rs 1.27 crore).