The company reported standalone net loss during the quarter stood at Rs 0.49 crore compared to net profit of Rs 0.89 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 35.81 per cent at Rs 15.18 crore in January-March quarter of this fiscal as against Rs 23.65 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 26.95 per cent to Rs 15.10 crore from Rs 20.67 crore in year ago period.
Other Income dipped by 96.51 per cent at Rs 0.03 crore versus (Mar'24 Rs 0.86 crore).
Operating Profit slipped by 97.32 per cent to Rs 0.08 crore as against Rs 2.98 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 95.63 per cent in March quarter.
Interest declined by 36.73 per cent y-o-y to Rs 0.31 crore, while Taxation decreased by 61.11 per cent at Rs 0.14 crore (Mar'24 Rs 0.36 crore).