The company reported standalone net loss during the quarter stood at Rs 22.05 crore as compared to net loss of Rs 14.43 crore in the previous year quarter.
Net revenue of the company declined substantially by 87.74 per cent at Rs 8.31 crore in January-March quarter of this fiscal as against Rs 67.80 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 58.45 per cent to Rs 33.19 crore from Rs 79.88 crore in year ago period.
Other Income dipped by 65.43 per cent at Rs 0.65 crore versus (Mar'24 Rs 1.88 crore).
Operating Profit surged by 102.15 per cent to Rs -24.42 crore as against Rs -12.08 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1549.05 per cent in March quarter.
Interest declined by 58.21 per cent y-o-y to Rs 1.45 crore, while Taxation increased by 67.06 per cent at Rs -4.26 crore (Mar'24 Rs -2.55 crore).