The company reported standalone net loss during the quarter stood at Rs 41.11 crore as compared to net loss of Rs 5.71 crore in the previous year quarter.
Net revenue of the company declined substantially by 55.26 per cent at Rs 203.24 crore in January-March quarter of this fiscal as against Rs 454.30 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 38.49 per cent to Rs 274.95 crore from Rs 447.00 crore in year ago period.
Other Income dipped by 44.10 per cent at Rs 2.32 crore versus (Mar'24 Rs 4.15 crore).
Operating Profit slipped by 1082.33 per cent to Rs -71.71 crore as against Rs 7.30 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2291.30 per cent in March quarter.
Interest declined by 33.71 per cent y-o-y to Rs 9.42 crore, while Taxation increased by 683.05 per cent at Rs -13.86 crore (Mar'24 Rs -1.77 crore).