The company reported standalone net loss during the quarter stood at Rs 2.15 crore as compared to net loss of Rs 1.06 crore in the previous year quarter.

Net revenue of the company declined substantially by 45.47 per cent at Rs 51.51 crore in January-March quarter of this fiscal as against Rs 94.47 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 44.44 per cent to Rs 50.47 crore from Rs 90.84 crore in year ago period.

Other Income grew by 88.89 per cent at Rs 0.34 crore versus (Mar'24 Rs 0.18 crore).

Operating Profit slipped by 71.35 per cent to Rs 1.04 crore as against Rs 3.63 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 47.40 per cent in March quarter.

Interest declined by 31.40 per cent y-o-y to Rs 2.01 crore