The company reported standalone net loss during the quarter stood at Rs 53.22 crore as compared to net loss of Rs 11.81 crore in the previous year quarter.
Net revenue of the company declined substantially by 26.38 per cent at Rs 106.34 crore in January-March quarter of this fiscal as against Rs 144.45 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 8.39 per cent to Rs 109.69 crore from Rs 119.73 crore in year ago period.
Other Income grew by 53.01 per cent at Rs 1.27 crore versus (Mar'24 Rs 0.83 crore).
Operating Profit slipped by 113.55 per cent to Rs -3.35 crore as against Rs 24.72 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 118.40 per cent in March quarter.
Interest declined by 1.94 per cent y-o-y to Rs 29.81 crore, while Taxation increased by 429.57 per cent at Rs 11.37 crore (Mar'24 Rs -3.45 crore).