The company reported standalone net loss during the quarter stood at Rs 15.38 crore as compared to net loss of Rs 17.12 crore in the previous year quarter.

Net revenue of the company declined substantially by 70.92 per cent at Rs 20.21 crore in April-June quarter of this fiscal as against Rs 69.49 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 63.63 per cent to Rs 28.87 crore from Rs 79.38 crore in year ago period.

Other Income grew by 226.92 per cent at Rs 1.70 crore versus (Jun'24 Rs 0.52 crore).

Operating Profit slipped by 12.54 per cent to Rs -8.65 crore as against Rs -9.89 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 200.63 per cent in June quarter.

Interest grew by 36.84 per cent y-o-y to Rs 3.38 crore