The company reported standalone net loss during the quarter stood at Rs 14.99 crore compared to net profit of Rs 20.08 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 43.39 per cent at Rs 3.04 crore in January-March quarter of this fiscal as against Rs 5.37 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 3.70 per cent to Rs 13.81 crore from Rs 14.34 crore in year ago period.

Other Income dipped by 89.71 per cent at Rs 3.65 crore versus (Mar'23 Rs 35.46 crore).

Operating Profit surged by 17.95 per cent to Rs -10.58 crore as against Rs -8.97 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 108.23 per cent in March quarter.

Interest grew by 17.38 per cent y-o-y to Rs 6.55 crore