The company reported standalone net loss during the quarter stood at Rs 0.69 crore compared to net profit of Rs 5.65 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 61.76 per cent at Rs 36.05 crore in January-March quarter of this fiscal as against Rs 94.28 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 57.31 per cent to Rs 38.92 crore from Rs 91.17 crore in year ago period.

Other Income grew by 15.84 per cent at Rs 6.07 crore versus (Mar'24 Rs 5.24 crore).

Operating Profit slipped by 191.96 per cent to Rs -2.86 crore as against Rs 3.11 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 340.61 per cent in March quarter.

Interest declined by 29.11 per cent y-o-y to Rs 0.56 crore, while Taxation decreased by 82.80 per cent at Rs -0.32 crore (Mar'24 Rs -1.86 crore).