The company reported standalone net loss during the quarter stood at Rs 2.64 crore as compared to net loss of Rs 53.72 crore in the previous year quarter.
Net revenue of the company declined substantially by 94.21 per cent at Rs 81.57 crore in January-March quarter of this fiscal as against Rs 1,408.49 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 94.27 per cent to Rs 82.75 crore from Rs 1,443.52 crore in year ago period.
Other Income dipped by 77.16 per cent at Rs 0.66 crore versus (Mar'24 Rs 2.89 crore).
Operating Profit slipped by 96.63 per cent to Rs -1.18 crore as against Rs -35.03 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 42.17 per cent in March quarter.
Interest declined by 58.70 per cent y-o-y to Rs 1.59 crore, while Taxation decreased by 97.07 per cent at Rs 0.52 crore (Mar'24 Rs 17.72 crore).