The company reported standalone net loss during the quarter stood at Rs 2.44 crore as compared to net loss of Rs 1.25 crore in the previous year quarter.
Net revenue of the company rose substantially by 31.27 per cent at Rs 13.98 crore in January-March quarter of this fiscal as against Rs 10.65 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 43.28 per cent to Rs 16.42 crore from Rs 11.46 crore in year ago period.
Operating Profit surged by 201.23 per cent to Rs -2.44 crore as against Rs -0.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 128.24 per cent in March quarter.
Interest declined by 11.29 per cent y-o-y to Rs 0.55 crore, while Taxation increased by 80.43 per cent at Rs -0.83 crore (Mar'24 Rs -0.46 crore).