The company reported standalone net loss during the quarter stood at Rs 1.16 crore compared to net profit of Rs 3.68 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 37.01 per cent at Rs 16.73 crore in January-March quarter of this fiscal as against Rs 26.56 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 25.56 per cent to Rs 16.43 crore from Rs 22.07 crore in year ago period.
Other Income grew by 9.86 per cent at Rs 0.78 crore versus (Mar'24 Rs 0.71 crore).
Operating Profit slipped by 93.30 per cent to Rs 0.30 crore as against Rs 4.48 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 89.40 per cent in March quarter.
Interest grew by 55.42 per cent y-o-y to Rs 1.29 crore, while Taxation increased by 342.86 per cent at Rs 0.34 crore (Mar'24 Rs -0.14 crore).