The company reported standalone net loss during the quarter stood at Rs 7.12 crore compared to net profit of Rs 10.75 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 97.14 per cent at Rs 1.52 crore in January-March quarter of this fiscal as against Rs 53.12 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 71.81 per cent to Rs 11.87 crore from Rs 42.11 crore in year ago period.

Other Income dipped by 60.55 per cent at Rs 0.43 crore versus (Mar'24 Rs 1.09 crore).

Operating Profit slipped by 194.01 per cent to Rs -10.35 crore as against Rs 11.01 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3385.09 per cent in March quarter.

Interest declined by 43.29 per cent y-o-y to Rs 0.93 crore, while Taxation increased by 897.78 per cent at Rs -4.49 crore (Mar'24 Rs -0.45 crore).