The company reported standalone net loss during the quarter stood at Rs 6.96 crore compared to net profit of Rs 3.84 crore in the previous year quarter.ÿ
Net revenue of the company declined moderately by 16.33 per cent at Rs 131.95 crore in January-March quarter of this fiscal as against Rs 157.71 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 50.68 per cent to Rs 228.86 crore from Rs 151.88 crore in year ago period.
Other Income grew by 1264.93 per cent at Rs 89.13 crore versus (Mar'24 Rs 6.53 crore).
Operating Profit slipped by 1765.12 per cent to Rs -96.91 crore as against Rs 5.82 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2090.24 per cent in March quarter.
Interest declined by 13.73 per cent y-o-y to Rs 6.16 crore, while Taxation decreased by 325.45 per cent at Rs -2.48 crore (Mar'24 Rs 1.10 crore).