The company reported standalone net loss during the quarter stood at Rs 53.38 crore compared to net profit of Rs 206.05 crore in the previous year quarter.ÿ
Net revenue of the company declined moderately by 14.49 per cent at Rs 1,142.98 crore in January-March quarter of this fiscal as against Rs 1,336.70 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 0.59 per cent to Rs 1,137.71 crore from Rs 1,144.43 crore in year ago period.
Other Income dipped by 5.99 per cent at Rs 36.71 crore versus (Mar'24 Rs 39.05 crore).
Operating Profit slipped by 97.26 per cent to Rs 5.27 crore as against Rs 192.27 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 96.80 per cent in March quarter.
Interest grew by 8.77 per cent y-o-y to Rs 46.15 crore, while Taxation decreased by 148.95 per cent at Rs -16.27 crore (Mar'24 Rs 33.24 crore).