The company reported standalone net loss during the quarter stood at Rs 87.13 crore compared to net profit of Rs 16.35 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 55.59 per cent at Rs 103.18 crore in January-March quarter of this fiscal as against Rs 232.36 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 0.74 per cent to Rs 225.42 crore from Rs 223.76 crore in year ago period.
Other Income dipped by 9.32 per cent at Rs 12.75 crore versus (Mar'24 Rs 14.06 crore).
Operating Profit slipped by 1523.05 per cent to Rs -122.24 crore as against Rs 8.59 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3301.89 per cent in March quarter.
Interest declined by 59.47 per cent y-o-y to Rs 1.22 crore, while Taxation decreased by 922.64 per cent at Rs -24.35 crore (Mar'24 Rs 2.96 crore).