The company reported standalone net loss during the quarter stood at Rs 16.47 crore as compared to net loss of Rs 9.69 crore in the previous year quarter.

Net revenue of the company declined substantially by 25.30 per cent at Rs 23.50 crore in April-June quarter of this fiscal as against Rs 31.46 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 29.93 per cent to Rs 31.37 crore from Rs 44.77 crore in year ago period.

Other Income dipped by 88.76 per cent at Rs 1.92 crore versus (Jun'24 Rs 17.08 crore).

Operating Profit slipped by 40.87 per cent to Rs -7.87 crore as against Rs -13.31 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 20.87 per cent in June quarter.

Interest declined by 19.80 per cent y-o-y to Rs 4.90 crore