The company reported standalone net loss during the quarter stood at Rs 0.40 crore as compared to net loss of Rs 0.25 crore in the previous year quarter.

Net revenue of the company declined substantially by 40.02 per cent at Rs 4.87 crore in April-June quarter of this fiscal as against Rs 8.12 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 31.74 per cent to Rs 4.86 crore from Rs 7.12 crore in year ago period.

Other Income grew by 175.00 per cent at Rs 0.11 crore versus (Jun'24 Rs 0.04 crore).

Operating Profit slipped by 99.00 per cent to Rs 0.01 crore as against Rs 1.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 98.78 per cent in June quarter.

Interest grew by 2.70 per cent y-o-y to Rs 0.38 crore, while Taxation decreased by 120.00 per cent at Rs -0.13 crore (Jun'24 Rs 0.65 crore).