The company reported standalone net loss during the quarter stood at Rs 38.20 crore as compared to net loss of Rs 62.53 crore in the previous year quarter.
Net revenue of the company declined substantially by 26.37 per cent at Rs 351.07 crore in January-March quarter of this fiscal as against Rs 476.79 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 28.18 per cent to Rs 350.23 crore from Rs 487.64 crore in year ago period.
Other Income grew by 183.02 per cent at Rs 9.00 crore versus (Mar'24 Rs 3.18 crore).
Operating Profit surged by 107.74 per cent to Rs 0.84 crore as against Rs -10.85 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 110.57 per cent in March quarter.
Interest declined by 6.96 per cent y-o-y to Rs 31.13 crore