The company reported standalone net loss during the quarter stood at Rs 11.75 crore as compared to net loss of Rs 31.50 crore in the previous year quarter.

Net revenue of the company rose moderately by 12.61 per cent at Rs 11.70 crore in January-March quarter of this fiscal as against Rs 10.39 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 8.82 per cent to Rs 11.27 crore from Rs 12.36 crore in year ago period.

Other Income grew by 45.45 per cent at Rs 0.16 crore versus (Mar'24 Rs 0.11 crore).

Operating Profit surged by 121.83 per cent to Rs 0.43 crore as against Rs -1.97 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 119.57 per cent in March quarter.

Interest declined by 5.74 per cent y-o-y to Rs 1.15 crore, while Taxation increased by 108.62 per cent at Rs 0.05 crore (Mar'24 Rs -0.58 crore).