The company reported standalone net loss during the quarter stood at Rs 2.34 crore as compared to net loss of Rs 3.82 crore in the previous year quarter.
Net revenue of the company declined substantially by 91.74 per cent at Rs 11.60 crore in January-March quarter of this fiscal as against Rs 140.36 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 91.58 per cent to Rs 12.14 crore from Rs 144.11 crore in year ago period.
Operating Profit slipped by 85.60 per cent to Rs -0.54 crore as against Rs -3.75 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 74.16 per cent in March quarter.
Interest grew by 0.00 per cent y-o-y to Rs 1.78 crore