The company reported standalone net loss during the quarter stood at Rs 6.71 crore as compared to net loss of Rs 0.51 crore in the previous year quarter.

Net revenue of the company declined substantially by 48.49 per cent at Rs 33.44 crore in January-March quarter of this fiscal as against Rs 64.92 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 36.07 per cent to Rs 42.02 crore from Rs 65.73 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.02 crore versus (Mar'24 Rs 0.00 crore).

Operating Profit surged by 959.26 per cent to Rs -8.58 crore as against Rs -0.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1951.20 per cent in March quarter.

Interest declined by 40.00 per cent y-o-y to Rs 0.03 crore, while Taxation increased by 366.67 per cent at Rs -1.96 crore (Mar'24 Rs -0.42 crore).