The company reported standalone net loss during the quarter stood at Rs 8.74 crore compared to net profit of Rs 2.34 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 22.54 per cent at Rs 35.75 crore in January-March quarter of this fiscal as against Rs 46.15 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 20.64 per cent to Rs 50.09 crore from Rs 41.52 crore in year ago period.

Other Income grew by 506.58 per cent at Rs 4.61 crore versus (Mar'23 Rs 0.76 crore).

Operating Profit slipped by 409.72 per cent to Rs -14.34 crore as against Rs 4.63 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 499.90 per cent in March quarter.

Interest grew by 8.70 per cent y-o-y to Rs 2.00 crore, while Taxation decreased by 558.33 per cent at Rs -3.85 crore (Mar'23 Rs 0.84 crore).