The company reported standalone net loss during the quarter stood at Rs 1.86 crore compared to net profit of Rs 4.95 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 36.72 per cent at Rs 139.86 crore in January-March quarter of this fiscal as against Rs 221.03 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 33.36 per cent to Rs 142.47 crore from Rs 213.80 crore in year ago period.
Other Income grew by 64.29 per cent at Rs 0.46 crore versus (Mar'24 Rs 0.28 crore).
Operating Profit slipped by 136.10 per cent to Rs -2.61 crore as against Rs 7.23 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 156.88 per cent in March quarter.
Interest declined by 50.00 per cent y-o-y to Rs 0.24 crore, while Taxation decreased by 140.23 per cent at Rs -0.70 crore (Mar'24 Rs 1.74 crore).