The company reported standalone net loss during the quarter stood at Rs 18.53 crore compared to net profit of Rs 7.26 crore in the previous year quarter.ÿ
Net revenue of the company declined moderately by 11.58 per cent at Rs 104.27 crore in January-March quarter of this fiscal as against Rs 117.92 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 24.64 per cent to Rs 122.88 crore from Rs 98.59 crore in year ago period.
Other Income grew by 20.00 per cent at Rs 0.66 crore versus (Mar'24 Rs 0.55 crore).
Operating Profit slipped by 196.23 per cent to Rs -18.61 crore as against Rs 19.34 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 208.84 per cent in March quarter.
Interest declined by 23.06 per cent y-o-y to Rs 4.37 crore, while Taxation increased by 219.08 per cent at Rs -16.72 crore (Mar'24 Rs -5.24 crore).