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The company reported standalone net loss during the quarter stood at Rs 79.01 crore compared to net profit of Rs 3.73 crore in the previous year quarter.  Net revenue of the company declined marginally by 3.00 per cent at Rs 8.09 crore in January-March quarter of this fiscal as against Rs 8.34 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 6.11 per cent to Rs 4.34 crore from Rs 4.09 crore in year ago period. Other Income dipped by 45.59 per cent at Rs 0.74 crore versus (Mar'21 Rs 1.36 crore). Operating Profit slipped by 11.76 per cent to Rs 3.75 crore as against Rs 4.25 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 8.97 per cent in March quarter. Interest grew by 61.68 per cent y-o-y to Rs 1.73 crore, while Taxation increased by 4935.29 per cent at Rs 8.22 crore (Mar'21 Rs -0.17 crore).