The company reported standalone net loss during the quarter stood at Rs 8.15 crore compared to net profit of Rs 516.49 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 44.04 per cent at Rs 817.54 crore in January-March quarter of this fiscal as against Rs 1,460.81 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 6.97 per cent to Rs 657.83 crore from Rs 707.08 crore in year ago period.
Other Income grew by 148.57 per cent at Rs 30.35 crore versus (Mar'24 Rs 12.21 crore).
Operating Profit slipped by 78.79 per cent to Rs 163.52 crore as against Rs 771.13 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 62.11 per cent in March quarter.
Interest grew by 30.03 per cent y-o-y to Rs 198.72 crore, while Taxation decreased by 121.27 per cent at Rs -19.72 crore (Mar'24 Rs 92.70 crore).