The company reported standalone net loss during the quarter stood at Rs 8.87 crore as compared to net loss of Rs 6.46 crore in the previous year quarter.

Net revenue of the company declined substantially by 68.75 per cent at Rs 7.50 crore in January-March quarter of this fiscal as against Rs 24.00 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 101.70 per cent to Rs 59.20 crore from Rs 29.35 crore in year ago period.

Other Income grew by 5479.41 per cent at Rs 37.94 crore versus (Mar'24 Rs 0.68 crore).

Operating Profit surged by 866.36 per cent to Rs -51.70 crore as against Rs -5.35 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2988.48 per cent in March quarter.

Interest declined by 82.10 per cent y-o-y to Rs 1.21 crore, while Taxation increased by 18.85 per cent at Rs -7.25 crore (Mar'24 Rs -6.10 crore).