The company reported standalone net loss during the quarter stood at Rs 0.57 crore as compared to net loss of Rs 2.33 crore in the previous year quarter.
Net revenue of the company declined substantially by 56.63 per cent at Rs 8.17 crore in January-March quarter of this fiscal as against Rs 18.84 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 59.00 per cent to Rs 8.65 crore from Rs 21.10 crore in year ago period.
Other Income dipped by 98.36 per cent at Rs 0.01 crore versus (Mar'24 Rs 0.61 crore).
Operating Profit slipped by 78.67 per cent to Rs -0.48 crore as against Rs -2.25 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 51.01 per cent in March quarter.
Interest declined by 25.00 per cent y-o-y to Rs 0.51 crore, while Taxation increased by 119.44 per cent at Rs -0.79 crore (Mar'24 Rs -0.36 crore).