The company reported standalone net loss during the quarter stood at Rs 12.05 crore as compared to net loss of Rs 10.85 crore in the previous year quarter.

Net revenue of the company declined substantially by 95.99 per cent at Rs 2.54 crore in January-March quarter of this fiscal as against Rs 63.31 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 93.23 per cent to Rs 4.85 crore from Rs 71.68 crore in year ago period.

Other Income grew by 425.68 per cent at Rs 7.78 crore versus (Mar'24 Rs 1.48 crore).

Operating Profit slipped by 72.40 per cent to Rs -2.31 crore as against Rs -8.37 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 587.90 per cent in March quarter.

Interest grew by 167.75 per cent y-o-y to Rs 22.33 crore, while Taxation decreased by 43.75 per cent at Rs -2.79 crore (Mar'24 Rs -4.96 crore).