The company reported standalone net loss during the quarter stood at Rs 5.57 crore as compared to net loss of Rs 9.06 crore in the previous year quarter.
Net revenue of the company declined moderately by 13.47 per cent at Rs 4.11 crore in January-March quarter of this fiscal as against Rs 4.75 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 43.97 per cent to Rs 9.43 crore from Rs 16.83 crore in year ago period.
Operating Profit slipped by 55.84 per cent to Rs -5.33 crore as against Rs -12.07 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 48.95 per cent in March quarter.
Taxation increased by 108.31 per cent at Rs 0.25 crore (Mar'24 Rs -3.01 crore).