The company reported standalone net loss during the quarter stood at Rs 52.44 crore compared to net profit of Rs 88.30 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 26.86 per cent at Rs 554.76 crore in January-March quarter of this fiscal as against Rs 758.48 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 7.56 per cent to Rs 615.87 crore from Rs 666.24 crore in year ago period.
Other Income dipped by 24.49 per cent at Rs 16.25 crore versus (Mar'24 Rs 21.52 crore).
Operating Profit slipped by 166.25 per cent to Rs -61.11 crore as against Rs 92.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 190.63 per cent in March quarter.
Interest declined by 34.11 per cent y-o-y to Rs 15.94 crore, while Taxation decreased by 288.75 per cent at Rs -11.91 crore (Mar'24 Rs 6.31 crore).