The company reported standalone net loss during the quarter stood at Rs 38.03 crore compared to net profit of Rs 2.97 crore in the previous year quarter.ÿ
Net revenue of the company declined moderately by 12.71 per cent at Rs 54.67 crore in January-March quarter of this fiscal as against Rs 62.63 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 90.88 per cent to Rs 100.06 crore from Rs 52.42 crore in year ago period.
Other Income grew by 18.61 per cent at Rs 7.01 crore versus (Mar'24 Rs 5.91 crore).
Operating Profit slipped by 544.56 per cent to Rs -45.39 crore as against Rs 10.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 609.39 per cent in March quarter.
Interest grew by 17.44 per cent y-o-y to Rs 3.03 crore, while Taxation decreased by 683.57 per cent at Rs -12.08 crore (Mar'24 Rs 2.07 crore).