The company reported standalone net loss during the quarter stood at Rs 3.22 crore as compared to net loss of Rs 1.66 crore in the previous year quarter.

Net revenue of the company declined substantially by 38.84 per cent at Rs 19.81 crore in January-March quarter of this fiscal as against Rs 32.39 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 35.52 per cent to Rs 21.00 crore from Rs 32.57 crore in year ago period.

Other Income dipped by 90.00 per cent at Rs 0.04 crore versus (Mar'23 Rs 0.40 crore).

Operating Profit surged by 526.32 per cent to Rs -1.19 crore as against Rs -0.19 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 939.66 per cent in March quarter.

Interest declined by 3.03 per cent y-o-y to Rs 0.64 crore