The company reported standalone net loss during the quarter stood at Rs 410.19 crore compared to net profit of Rs 122.20 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 41.25 per cent at Rs 374.47 crore in January-March quarter of this fiscal as against Rs 637.41 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 185.54 per cent to Rs 744.79 crore from Rs 260.84 crore in year ago period.
Other Income dipped by 91.44 per cent at Rs 2.75 crore versus (Mar'24 Rs 32.13 crore).
Operating Profit slipped by 198.34 per cent to Rs -370.32 crore as against Rs 376.57 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 267.38 per cent in March quarter.
Interest declined by 28.11 per cent y-o-y to Rs 171.50 crore, while Taxation decreased by 425.54 per cent at Rs -134.61 crore (Mar'24 Rs 41.35 crore).