The company reported standalone net loss during the quarter stood at Rs 0.82 crore compared to net profit of Rs 2.99 crore in the previous year quarter.ÿ

Net revenue of the company rose moderately by 11.51 per cent at Rs 40.20 crore in January-March quarter of this fiscal as against Rs 36.05 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 27.08 per cent to Rs 40.41 crore from Rs 31.80 crore in year ago period.

Operating Profit slipped by 104.94 per cent to Rs -0.21 crore as against Rs 4.25 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 104.50 per cent in March quarter.

Interest declined by 13.33 per cent y-o-y to Rs 0.13 crore