The company reported standalone net loss during the quarter stood at Rs 1.29 crore compared to net profit of Rs 133.03 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 55.49 per cent at Rs 39.67 crore in January-March quarter of this fiscal as against Rs 89.12 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 50.67 per cent to Rs 39.47 crore from Rs 80.02 crore in year ago period.
Other Income dipped by 70.21 per cent at Rs 0.56 crore versus (Mar'24 Rs 1.88 crore).
Operating Profit slipped by 97.80 per cent to Rs 0.20 crore as against Rs 9.11 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 95.11 per cent in March quarter.
Interest grew by 25.79 per cent y-o-y to Rs 2.00 crore, while Taxation decreased by 95.38 per cent at Rs -0.49 crore (Mar'24 Rs -10.61 crore).