The company reported standalone net loss during the quarter stood at Rs 26.24 crore compared to net profit of Rs 37.56 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 23.44 per cent at Rs 341.07 crore in January-March quarter of this fiscal as against Rs 445.49 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 11.42 per cent to Rs 343.79 crore from Rs 388.13 crore in year ago period.
Other Income grew by 60.49 per cent at Rs 6.50 crore versus (Mar'24 Rs 4.05 crore).
Operating Profit slipped by 93.97 per cent to Rs 3.46 crore as against Rs 57.36 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 92.16 per cent in March quarter.
Interest grew by 46.47 per cent y-o-y to Rs 15.98 crore, while Taxation decreased by 152.13 per cent at Rs -4.66 crore (Mar'24 Rs 8.94 crore).