The company reported standalone net loss during the quarter stood at Rs 3.98 crore as compared to net loss of Rs 4.49 crore in the previous year quarter.

Net revenue of the company declined substantially by 54.41 per cent at Rs 22.90 crore in January-March quarter of this fiscal as against Rs 50.23 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 54.50 per cent to Rs 25.17 crore from Rs 55.32 crore in year ago period.

Other Income grew by 295.00 per cent at Rs 1.58 crore versus (Mar'24 Rs 0.40 crore).

Operating Profit slipped by 55.31 per cent to Rs -2.27 crore as against Rs -5.08 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.17 per cent in March quarter.

Interest grew by 6.45 per cent y-o-y to Rs 1.65 crore, while Taxation decreased by 71.49 per cent at Rs -1.36 crore (Mar'24 Rs -4.77 crore).