The company reported standalone net loss during the quarter stood at Rs 3.24 crore as compared to net loss of Rs 2.64 crore in the previous year quarter.
Net revenue of the company declined substantially by 65.05 per cent at Rs 9.30 crore in April-June quarter of this fiscal as against Rs 26.61 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 73.03 per cent to Rs 11.24 crore from Rs 41.68 crore in year ago period.
Other Income grew by 10975.00 per cent at Rs 4.43 crore versus (Jun'24 Rs 0.04 crore).
Operating Profit slipped by 87.13 per cent to Rs -1.94 crore as against Rs -15.07 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 63.16 per cent in June quarter.
Interest declined by 12.50 per cent y-o-y to Rs 4.62 crore, while Taxation increased by 23.33 per cent at Rs -1.11 crore (Jun'24 Rs -0.90 crore).