The company reported standalone net loss during the quarter stood at Rs 6.72 crore as compared to net loss of Rs 7.59 crore in the previous year quarter.

Net revenue of the company rose two fold by 283.11 per cent at Rs 11.57 crore in April-June quarter of this fiscal as against Rs 3.02 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 64.12 per cent to Rs 15.87 crore from Rs 9.67 crore in year ago period.

Other Income dipped by 72.22 per cent at Rs 0.05 crore versus (Jun'19 Rs 0.18 crore).

Operating Profit slipped by 14.17 per cent to Rs -4.30 crore as against Rs -5.01 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 77.59 per cent in June quarter.

Interest declined by 23.60 per cent y-o-y to Rs 1.23 crore