The company reported standalone net loss during the quarter stood at Rs 1.29 crore as compared to net loss of Rs 1.45 crore in the previous year quarter.

Net revenue of the company declined substantially by 36.59 per cent at Rs 1.30 crore in January-March quarter of this fiscal as against Rs 2.05 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 27.03 per cent to Rs 3.05 crore from Rs 4.18 crore in year ago period.

Other Income dipped by 33.90 per cent at Rs 0.39 crore versus (Mar'24 Rs 0.59 crore).

Operating Profit slipped by 17.84 per cent to Rs -1.75 crore as against Rs -2.13 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 30.05 per cent in March quarter.

Interest declined by 3.33 per cent y-o-y to Rs 0.29 crore, while Taxation decreased by 11.54 per cent at Rs -0.46 crore (Mar'24 Rs -0.52 crore).