The company reported standalone net loss during the quarter stood at Rs 1.99 crore compared to net profit of Rs 1.26 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 39.31 per cent at Rs 5.28 crore in January-March quarter of this fiscal as against Rs 8.70 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 33.78 per cent to Rs 4.94 crore from Rs 7.46 crore in year ago period.

Other Income grew by 125.00 per cent at Rs 0.01 crore versus (Mar'24 Rs -0.04 crore).

Operating Profit slipped by 72.58 per cent to Rs 0.34 crore as against Rs 1.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 54.65 per cent in March quarter.

Interest declined by 26.25 per cent y-o-y to Rs 0.59 crore, while Taxation increased by 156.89 per cent at Rs 0.95 crore (Mar'24 Rs -1.67 crore).