The company reported standalone net loss during the quarter stood at Rs 15.63 crore as compared to net loss of Rs 5.79 crore in the previous year quarter.
Net revenue of the company declined substantially by 43.95 per cent at Rs 4.26 crore in January-March quarter of this fiscal as against Rs 7.60 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 290.71 per cent to Rs 10.51 crore from Rs 2.69 crore in year ago period.
Other Income dipped by 97.76 per cent at Rs 0.05 crore versus (Mar'24 Rs 2.23 crore).
Operating Profit slipped by 227.29 per cent to Rs -6.25 crore as against Rs 4.91 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 327.30 per cent in March quarter.
Interest declined by 10.14 per cent y-o-y to Rs 10.72 crore, while Taxation decreased by 238.95 per cent at Rs -1.32 crore (Mar'24 Rs 0.95 crore).