The company reported standalone net loss during the quarter stood at Rs 5.32 crore as compared to net loss of Rs 5.17 crore in the previous year quarter.

Net revenue of the company declined substantially by 57.49 per cent at Rs 5.48 crore in April-June quarter of this fiscal as against Rs 12.89 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 49.83 per cent to Rs 7.57 crore from Rs 15.09 crore in year ago period.

Other Income dipped by 66.67 per cent at Rs 0.01 crore versus (Jun'24 Rs 0.03 crore).

Operating Profit slipped by 5.00 per cent to Rs -2.09 crore as against Rs -2.20 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 123.47 per cent in June quarter.

Interest grew by 25.00 per cent y-o-y to Rs 1.65 crore