The company reported standalone net loss during the quarter stood at Rs 56.12 crore as compared to net loss of Rs 3.60 crore in the previous year quarter.
Net revenue of the company declined substantially by 41.91 per cent at Rs 53.08 crore in January-March quarter of this fiscal as against Rs 91.38 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 16.33 per cent to Rs 100.18 crore from Rs 86.12 crore in year ago period.
Other Income dipped by 30.97 per cent at Rs 2.92 crore versus (Mar'24 Rs 4.23 crore).
Operating Profit slipped by 995.44 per cent to Rs -47.10 crore as against Rs 5.26 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1640.45 per cent in March quarter.
Interest declined by 15.99 per cent y-o-y to Rs 9.25 crore