The company reported standalone net loss during the quarter stood at Rs 10.57 crore as compared to net loss of Rs 2.70 crore in the previous year quarter.
Net revenue of the company declined substantially by 56.67 per cent at Rs 117.66 crore in January-March quarter of this fiscal as against Rs 271.56 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 74.79 per cent to Rs 128.64 crore from Rs 510.32 crore in year ago period.
Other Income dipped by 95.30 per cent at Rs 10.95 crore versus (Mar'24 Rs 232.80 crore).
Operating Profit slipped by 95.40 per cent to Rs -10.98 crore as against Rs -238.76 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 89.39 per cent in March quarter.
Taxation increased by 256.02 per cent at Rs 9.33 crore (Mar'24 Rs -5.98 crore).