The company reported standalone net loss during the quarter stood at Rs 8.15 crore as compared to net loss of Rs 1.58 crore in the previous year quarter.
Net revenue of the company declined substantially by 77.70 per cent at Rs 4.98 crore in January-March quarter of this fiscal as against Rs 22.33 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 47.40 per cent to Rs 14.05 crore from Rs 26.71 crore in year ago period.
Other Income grew by 8.36 per cent at Rs 3.89 crore versus (Mar'22 Rs 3.59 crore).
Operating Profit surged by 107.08 per cent to Rs -9.07 crore as against Rs -4.38 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 828.76 per cent in March quarter.
Interest grew by 317.39 per cent y-o-y to Rs 2.88 crore