The company reported standalone net loss during the quarter stood at Rs 62.01 crore compared to net profit of Rs 159.19 crore in the previous year quarter.ÿ
Net revenue of the company rose substantially by 37.97 per cent at Rs 1,801.00 crore in January-March quarter of this fiscal as against Rs 1,305.32 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 77.39 per cent to Rs 1,770.27 crore from Rs 997.94 crore in year ago period.
Other Income dipped by 31.98 per cent at Rs 8.04 crore versus (Mar'24 Rs 11.82 crore).
Operating Profit slipped by 57.30 per cent to Rs 131.24 crore as against Rs 307.38 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 69.04 per cent in March quarter.
Interest grew by 187.25 per cent y-o-y to Rs 71.41 crore, while Taxation decreased by 67.41 per cent at Rs 26.71 crore (Mar'24 Rs 81.95 crore).