The company reported standalone net loss during the quarter stood at Rs 2.07 crore as compared to net loss of Rs 0.54 crore in the previous year quarter.
Net revenue of the company declined substantially by 45.33 per cent at Rs 6.15 crore in January-March quarter of this fiscal as against Rs 11.25 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 36.66 per cent to Rs 8.88 crore from Rs 14.02 crore in year ago period.
Other Income grew by 1.13 per cent at Rs 2.68 crore versus (Mar'24 Rs 2.65 crore).
Operating Profit slipped by 1.44 per cent to Rs -2.74 crore as against Rs -2.78 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 80.47 per cent in March quarter.
Interest grew by 73.33 per cent y-o-y to Rs 0.26 crore, while Taxation increased by 875.00 per cent at Rs 1.24 crore (Mar'24 Rs -0.16 crore).