The company reported standalone net loss during the quarter stood at Rs 31.44 crore compared to net profit of Rs 13.49 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 80.19 per cent at Rs 6.73 crore in January-March quarter of this fiscal as against Rs 33.98 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 108.74 per cent to Rs 42.98 crore from Rs 20.59 crore in year ago period.
Other Income grew by 32.94 per cent at Rs 4.52 crore versus (Mar'24 Rs 3.40 crore).
Operating Profit slipped by 370.72 per cent to Rs -36.25 crore as against Rs 13.39 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1465.90 per cent in March quarter.
Interest declined by 5.98 per cent y-o-y to Rs 5.19 crore, while Taxation increased by 158.59 per cent at Rs -7.68 crore (Mar'24 Rs -2.97 crore).