The company reported standalone net loss during the quarter stood at Rs 36.86 crore as compared to net loss of Rs 42.91 crore in the previous year quarter.
Net revenue of the company declined substantially by 33.70 per cent at Rs 246.71 crore in January-March quarter of this fiscal as against Rs 372.10 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 27.75 per cent to Rs 287.28 crore from Rs 397.60 crore in year ago period.
Other Income grew by 5.97 per cent at Rs 15.79 crore versus (Mar'24 Rs 14.90 crore).
Operating Profit surged by 60.65 per cent to Rs -40.82 crore as against Rs -25.41 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 142.31 per cent in March quarter.
Interest grew by 8.61 per cent y-o-y to Rs 3.66 crore, while Taxation decreased by 112.08 per cent at Rs -2.64 crore (Mar'24 Rs 21.85 crore).