The company reported standalone net loss during the quarter stood at Rs 1.61 crore as compared to net loss of Rs 3.97 crore in the previous year quarter.

Net revenue of the company declined substantially by 32.52 per cent at Rs 14.36 crore in January-March quarter of this fiscal as against Rs 21.28 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 37.92 per cent to Rs 15.01 crore from Rs 24.18 crore in year ago period.

Other Income dipped by 66.67 per cent at Rs 0.02 crore versus (Mar'22 Rs 0.06 crore).

Operating Profit slipped by 77.59 per cent to Rs -0.65 crore as against Rs -2.90 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 66.79 per cent in March quarter.

Interest grew by 15.07 per cent y-o-y to Rs 0.84 crore, while Taxation increased by 833.33 per cent at Rs -0.28 crore (Mar'22 Rs -0.03 crore).