The company reported standalone net loss during the quarter stood at Rs 0.69 crore compared to net profit of Rs 1.36 crore in the previous year quarter.ÿ

Net revenue of the company declined moderately by 10.69 per cent at Rs 3.51 crore in April-June quarter of this fiscal as against Rs 3.93 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 162.79 per cent to Rs 6.78 crore from Rs 2.58 crore in year ago period.

Other Income grew by 373.17 per cent at Rs 3.88 crore versus (Jun'21 Rs 0.82 crore).

Operating Profit slipped by 341.48 per cent to Rs -3.26 crore as against Rs 1.35 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 370.87 per cent in June quarter.

Interest grew by 5.26 per cent y-o-y to Rs 0.40 crore, while Taxation increased by 110.53 per cent at Rs 0.80 crore (Jun'21 Rs 0.38 crore).