The company reported standalone net loss during the quarter stood at Rs 0.70 crore compared to net profit of Rs 1.27 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 38.89 per cent at Rs 11.14 crore in January-March quarter of this fiscal as against Rs 18.23 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 30.46 per cent to Rs 10.82 crore from Rs 15.56 crore in year ago period.
Other Income dipped by 53.33 per cent at Rs 0.14 crore versus (Mar'24 Rs 0.30 crore).
Operating Profit slipped by 88.01 per cent to Rs 0.32 crore as against Rs 2.67 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 80.66 per cent in March quarter.
Interest declined by 2.04 per cent y-o-y to Rs 0.48 crore, while Taxation decreased by 95.12 per cent at Rs 0.02 crore (Mar'24 Rs 0.41 crore).