The company reported standalone net loss during the quarter stood at Rs 20.71 crore as compared to net loss of Rs 17.39 crore in the previous year quarter.

Net revenue of the company declined substantially by 27.65 per cent at Rs 16.04 crore in April-June quarter of this fiscal as against Rs 22.17 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 27.28 per cent to Rs 12.13 crore from Rs 16.68 crore in year ago period.

Other Income dipped by 50.00 per cent at Rs 0.02 crore versus (Jun'24 Rs 0.04 crore).

Operating Profit slipped by 28.78 per cent to Rs 3.91 crore as against Rs 5.49 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.46 per cent in June quarter.

Interest grew by 10.87 per cent y-o-y to Rs 17.54 crore