The company reported standalone net loss during the quarter stood at Rs 1.61 crore compared to net profit of Rs 6.43 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 36.45 per cent at Rs 24.84 crore in January-March quarter of this fiscal as against Rs 39.09 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 5.25 per cent to Rs 27.98 crore from Rs 29.53 crore in year ago period.
Other Income grew by 337.10 per cent at Rs 2.71 crore versus (Mar'24 Rs 0.62 crore).
Operating Profit slipped by 132.77 per cent to Rs -3.13 crore as against Rs 9.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 151.60 per cent in March quarter.
Interest declined by 33.33 per cent y-o-y to Rs 0.14 crore, while Taxation decreased by 121.81 per cent at Rs -0.41 crore (Mar'24 Rs 1.88 crore).