The company reported standalone net loss during the quarter stood at Rs 6.25 crore compared to net profit of Rs 13.87 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 29.42 per cent at Rs 112.49 crore in January-March quarter of this fiscal as against Rs 159.39 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 19.10 per cent to Rs 118.91 crore from Rs 146.98 crore in year ago period.
Other Income dipped by 39.46 per cent at Rs 5.57 crore versus (Mar'24 Rs 9.20 crore).
Operating Profit slipped by 151.69 per cent to Rs -6.42 crore as against Rs 12.42 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 173.30 per cent in March quarter.
Interest grew by 23.18 per cent y-o-y to Rs 1.86 crore, while Taxation decreased by 100.87 per cent at Rs -0.04 crore (Mar'24 Rs 4.62 crore).