The company reported standalone net loss during the quarter stood at Rs 0.36 crore compared to net profit of Rs 1.41 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 42.07 per cent at Rs 17.61 crore in January-March quarter of this fiscal as against Rs 30.40 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 38.58 per cent to Rs 18.02 crore from Rs 29.34 crore in year ago period.

Other Income dipped by 37.25 per cent at Rs 0.32 crore versus (Mar'21 Rs 0.51 crore).

Operating Profit slipped by 138.68 per cent to Rs -0.41 crore as against Rs 1.06 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 165.90 per cent in March quarter.

Taxation increased by 45.00 per cent at Rs 0.29 crore (Mar'21 Rs 0.20 crore).