The company reported standalone net loss during the quarter stood at Rs 1.46 crore as compared to net loss of Rs 1.03 crore in the previous year quarter.

Net revenue of the company declined moderately by 14.26 per cent at Rs 9.14 crore in April-June quarter of this fiscal as against Rs 10.66 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 2.02 per cent to Rs 9.58 crore from Rs 9.39 crore in year ago period.

Other Income grew by 100.00 per cent at Rs 0.04 crore versus (Jun'23 Rs 0.02 crore).

Operating Profit slipped by 134.65 per cent to Rs -0.44 crore as against Rs 1.27 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 140.39 per cent in June quarter.

Interest declined by 41.60 per cent y-o-y to Rs 0.73 crore, while Taxation increased by 387.50 per cent at Rs -0.78 crore (Jun'23 Rs -0.16 crore).