The company reported standalone net loss during the quarter stood at Rs 1.56 crore as compared to net loss of Rs 1.47 crore in the previous year quarter.

Net revenue of the company declined substantially by 49.57 per cent at Rs 7.09 crore in January-March quarter of this fiscal as against Rs 14.06 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 40.42 per cent to Rs 8.80 crore from Rs 14.77 crore in year ago period.

Operating Profit surged by 142.86 per cent to Rs -1.70 crore as against Rs -0.70 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 379.64 per cent in March quarter.

Taxation decreased by 119.48 per cent at Rs -0.15 crore (Mar'24 Rs 0.77 crore).