The company reported standalone net loss during the quarter stood at Rs 1.12 crore as compared to net loss of Rs 1.37 crore in the previous year quarter.

Net revenue of the company declined substantially by 50.91 per cent at Rs 22.49 crore in April-June quarter of this fiscal as against Rs 45.81 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 49.84 per cent to Rs 23.69 crore from Rs 47.23 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.11 crore versus (Jun'21 Rs 0.11 crore).

Operating Profit slipped by 15.49 per cent to Rs -1.20 crore as against Rs -1.42 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 72.49 per cent in June quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore