The company reported standalone net loss during the quarter stood at Rs 0.10 crore compared to net profit of Rs 0.77 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 71.13 per cent at Rs 5.48 crore in April-June quarter of this fiscal as against Rs 18.98 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 69.89 per cent to Rs 5.44 crore from Rs 18.07 crore in year ago period.

Operating Profit slipped by 95.79 per cent to Rs 0.04 crore as against Rs 0.95 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 86.55 per cent in June quarter.