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The company reported standalone net loss during the quarter stood at Rs 10.05 crore as compared to net loss of Rs 7.31 crore in the previous year quarter. Net revenue of the company declined substantially by 22.82 per cent at Rs 19.95 crore in January-March quarter of this fiscal as against Rs 25.85 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 64.01 per cent to Rs 12.77 crore from Rs 35.48 crore in year ago period. Other Income grew by 20.16 per cent at Rs 1.49 crore versus (Mar'20 Rs 1.24 crore).

Operating Profit surged by 174.64 per cent to Rs 7.18 crore as against Rs -9.62 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 196.67 per cent in March quarter. Interest declined by 85.00 per cent y-o-y to Rs 0.03 crore, while Taxation increased by 6.27 per cent at Rs -3.90 crore (Mar'20 Rs -3.67 crore).