The company reported standalone net loss during the quarter stood at Rs 2.52 crore as compared to net loss of Rs 0.86 crore in the previous year quarter.

Net revenue of the company rose moderately by 14.87 per cent at Rs 2.24 crore in April-June quarter of this fiscal as against Rs 1.95 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 92.17 per cent to Rs 4.42 crore from Rs 2.30 crore in year ago period.

Other Income dipped by 93.33 per cent at Rs 0.01 crore versus (Jun'23 Rs 0.15 crore).

Operating Profit surged by 520.00 per cent to Rs -2.17 crore as against Rs -0.35 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 433.24 per cent in June quarter.

Interest declined by 97.87 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 300.00 per cent at Rs 0.16 crore (Jun'23 Rs -0.08 crore).