The company reported standalone net loss during the quarter stood at Rs 81.26 crore compared to net profit of Rs 103.94 crore in the previous year quarter.ÿ
Net revenue of the company declined moderately by 16.75 per cent at Rs 3,364.64 crore in January-March quarter of this fiscal as against Rs 4,041.58 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 15.32 per cent to Rs 3,313.10 crore from Rs 3,912.54 crore in year ago period.
Other Income dipped by 30.81 per cent at Rs 19.29 crore versus (Mar'24 Rs 27.88 crore).
Operating Profit slipped by 60.06 per cent to Rs 51.54 crore as against Rs 129.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 52.04 per cent in March quarter.
Interest declined by 58.11 per cent y-o-y to Rs 8.89 crore, while Taxation decreased by 57.88 per cent at Rs -4.54 crore (Mar'24 Rs -10.78 crore).