The company reported standalone net loss during the quarter stood at Rs 77.46 crore as compared to net loss of Rs 30.02 crore in the previous year quarter.
Net revenue of the company declined substantially by 82.38 per cent at Rs 1.36 crore in January-March quarter of this fiscal as against Rs 7.72 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 99.29 per cent to Rs 89.74 crore from Rs 45.03 crore in year ago period.
Other Income grew by 23.24 per cent at Rs 13.31 crore versus (Mar'24 Rs 10.80 crore).
Operating Profit surged by 136.88 per cent to Rs -88.38 crore as against Rs -37.31 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1247.97 per cent in March quarter.
Interest declined by 1.84 per cent y-o-y to Rs 2.13 crore, while Taxation decreased by 82.17 per cent at Rs 0.23 crore (Mar'24 Rs 1.29 crore).