The company reported standalone net loss during the quarter stood at Rs 16.36 crore compared to net profit of Rs 125.27 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 64.73 per cent at Rs 63.19 crore in January-March quarter of this fiscal as against Rs 179.17 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 51.47 per cent to Rs 71.45 crore from Rs 147.22 crore in year ago period.
Other Income dipped by 99.53 per cent at Rs 0.43 crore versus (Mar'24 Rs 91.83 crore).
Operating Profit slipped by 125.85 per cent to Rs -8.26 crore as against Rs 31.95 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 173.25 per cent in March quarter.
Interest grew by 151.40 per cent y-o-y to Rs 3.31 crore, while Taxation increased by 0.00 per cent at Rs 0.13 crore (Mar'24 Rs 0.00 crore).