The company reported standalone net loss during the quarter stood at Rs 0.04 crore compared to net profit of Rs 0.30 crore in the previous year quarter.ÿ

Net revenue of the company declined by 5.82 per cent at Rs 12.94 crore in April-June quarter of this fiscal as against Rs 13.74 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 2.58 per cent to Rs 11.71 crore from Rs 12.02 crore in year ago period.

Operating Profit slipped by 28.49 per cent to Rs 1.23 crore as against Rs 1.72 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 24.26 per cent in June quarter.

Interest declined by 39.62 per cent y-o-y to Rs 0.32 crore