The company reported standalone net loss during the quarter stood at Rs 12.01 crore compared to net profit of Rs 333.48 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 28.53 per cent at Rs 381.61 crore in July-September quarter of this fiscal as against Rs 533.98 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 1824.75 per cent to Rs 227.12 crore from Rs 11.80 crore in year ago period.
Other Income dipped by 87.50 per cent at Rs 0.03 crore versus (Sep'23 Rs 0.24 crore).
Operating Profit slipped by 70.41 per cent to Rs 154.49 crore as against Rs 522.19 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 58.61 per cent in September quarter.
Interest declined by 11.84 per cent y-o-y to Rs 166.50 crore, while Taxation decreased by 87.50 per cent at Rs 0.01 crore (Sep'23 Rs 0.08 crore).