The company reported standalone net loss during the quarter stood at Rs 6.49 crore compared to net profit of Rs 3.07 crore in the previous year quarter.ÿ

Net revenue of the company declined moderately by 16.28 per cent at Rs 73.70 crore in January-March quarter of this fiscal as against Rs 88.03 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 3.73 per cent to Rs 76.06 crore from Rs 79.01 crore in year ago period.

Operating Profit slipped by 126.02 per cent to Rs -2.35 crore as against Rs 9.03 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 131.12 per cent in March quarter.

Interest declined by 17.02 per cent y-o-y to Rs 0.39 crore, while Taxation decreased by 225.47 per cent at Rs -1.33 crore (Mar'24 Rs 1.06 crore).