The company reported standalone net loss during the quarter stood at Rs 1.09 crore compared to net profit of Rs 0.44 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 72.94 per cent at Rs 47.06 crore in January-March quarter of this fiscal as against Rs 173.94 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 71.83 per cent to Rs 48.93 crore from Rs 173.72 crore in year ago period.
Other Income grew by 37.84 per cent at Rs 0.51 crore versus (Mar'24 Rs 0.37 crore).
Operating Profit slipped by 954.55 per cent to Rs -1.88 crore as against Rs 0.22 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3169.23 per cent in March quarter.
Taxation decreased by 328.57 per cent at Rs -0.32 crore (Mar'24 Rs 0.14 crore).