The company reported standalone net loss during the quarter stood at Rs 21.12 crore as compared to net loss of Rs 2.73 crore in the previous year quarter.
Net revenue of the company declined substantially by 35.12 per cent at Rs 20.01 crore in April-June quarter of this fiscal as against Rs 30.84 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 29.37 per cent to Rs 20.51 crore from Rs 29.04 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.13 crore versus (Jun'24 Rs 0.00 crore).
Operating Profit slipped by 127.78 per cent to Rs -0.50 crore as against Rs 1.80 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 143.05 per cent in June quarter.
Interest declined by 96.55 per cent y-o-y to Rs 0.03 crore, while Taxation decreased by 263.22 per cent at Rs -1.42 crore (Jun'24 Rs 0.87 crore).