The company reported standalone net loss during the quarter stood at Rs 0.48 crore compared to net profit of Rs 3.25 crore in the previous year quarter. 

Net revenue of the company declined substantially by 80.62 per cent at Rs 2.30 crore in January-March quarter of this fiscal as against Rs 11.87 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 71.70 per cent to Rs 2.23 crore from Rs 7.88 crore in year ago period.

Operating Profit slipped by 98.25 per cent to Rs 0.07 crore as against Rs 3.99 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 91.11 per cent in March quarter.

Interest declined by 26.67 per cent y-o-y to Rs 0.55 crore, while Taxation decreased by 66.67 per cent at Rs -0.01 crore (Mar'24 Rs -0.03 crore).