The company reported standalone net loss during the quarter stood at Rs 1.69 crore compared to net profit of Rs 4.90 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 58.89 per cent at Rs 49.59 crore in January-March quarter of this fiscal as against Rs 120.64 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 50.79 per cent to Rs 54.70 crore from Rs 111.15 crore in year ago period.
Other Income grew by 112.59 per cent at Rs 5.74 crore versus (Mar'24 Rs 2.70 crore).
Operating Profit slipped by 153.74 per cent to Rs -5.10 crore as against Rs 9.49 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 230.75 per cent in March quarter.
Interest declined by 120.97 per cent y-o-y to Rs -0.39 crore, while Taxation decreased by 220.75 per cent at Rs -1.92 crore (Mar'24 Rs 1.59 crore).