The company reported standalone net loss during the quarter stood at Rs 8.27 crore as compared to net loss of Rs 5.85 crore in the previous year quarter.

Net revenue of the company declined substantially by 49.04 per cent at Rs 6.10 crore in January-March quarter of this fiscal as against Rs 11.97 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 23.72 per cent to Rs 11.51 crore from Rs 15.09 crore in year ago period.

Other Income grew by 61.90 per cent at Rs 0.34 crore versus (Mar'24 Rs 0.21 crore).

Operating Profit surged by 73.95 per cent to Rs -5.41 crore as against Rs -3.11 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 240.79 per cent in March quarter.

Interest grew by 26.77 per cent y-o-y to Rs 1.61 crore, while Taxation increased by 0.00 per cent at Rs 0.02 crore (Mar'24 Rs 0.00 crore).