The company reported standalone net loss during the quarter stood at Rs 0.20 crore compared to net profit of Rs 2.30 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 22.86 per cent at Rs 42.52 crore in January-March quarter of this fiscal as against Rs 55.12 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 22.17 per cent to Rs 41.47 crore from Rs 53.28 crore in year ago period.

Other Income dipped by 93.80 per cent at Rs 0.31 crore versus (Mar'24 Rs 5.00 crore).

Operating Profit slipped by 42.93 per cent to Rs 1.05 crore as against Rs 1.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 26.05 per cent in March quarter.

Interest declined by 58.79 per cent y-o-y to Rs 0.82 crore, while Taxation decreased by 105.76 per cent at Rs -0.08 crore (Mar'24 Rs 1.39 crore).