The company reported standalone net loss during the quarter stood at Rs 25.93 crore as compared to net loss of Rs 33.21 crore in the previous year quarter.
Net revenue of the company declined substantially by 33.73 per cent at Rs 412.08 crore in January-March quarter of this fiscal as against Rs 621.84 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 27.40 per cent to Rs 406.76 crore from Rs 560.30 crore in year ago period.
Other Income dipped by 86.18 per cent at Rs 3.61 crore versus (Mar'24 Rs 26.12 crore).
Operating Profit slipped by 91.34 per cent to Rs 5.33 crore as against Rs 61.54 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 86.97 per cent in March quarter.
Interest declined by 76.29 per cent y-o-y to Rs 0.23 crore, while Taxation increased by 102.48 per cent at Rs 0.03 crore (Mar'24 Rs -1.21 crore).