New Delhi, June 2 -- Shares of Eraaya Lifespaces edged nearly 5% higher in intraday deals on Monday, June 2, as the small-cap company posted a sharp sequential decline in its net loss during the March quarter (Q4) of the financial year 2024-25 (FY25).

Eraaya Lifespaces share price opened at Rs.44.55, unchanged against its last closing price, and then jumped 4.96% to the day's high of Rs.46.76, narrowly missing its upper price band of Rs.46.77.

Eraaya, on Friday evening, posted a net loss of Rs.6 crore in Q4 FY25 as against a net loss of Rs.20.84 crore in Q3 FY25. However, the company had posted a net profit of Rs.0.22 lakh in the same period a year ago.

On a quarter-on-quarter (QoQ) basis, the revenue from operations tumbled 89% to Rs....