The company reported standalone net loss during the quarter stood at Rs 2.19 crore as compared to net loss of Rs 5.40 crore in the previous year quarter.
Net revenue of the company declined substantially by 89.08 per cent at Rs 1.37 crore in January-March quarter of this fiscal as against Rs 12.55 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 89.32 per cent to Rs 2.05 crore from Rs 19.20 crore in year ago period.
Other Income dipped by 77.91 per cent at Rs 0.57 crore versus (Mar'24 Rs 2.58 crore).
Operating Profit slipped by 89.77 per cent to Rs -0.68 crore as against Rs -6.65 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 7.09 per cent in March quarter.
Interest grew by 60.63 per cent y-o-y to Rs 2.04 crore, while Taxation decreased by 50.00 per cent at Rs 0.01 crore (Mar'24 Rs 0.02 crore).