The company reported standalone net loss during the quarter stood at Rs 193.91 crore compared to net profit of Rs 79.85 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 86.90 per cent at Rs 201.93 crore in April-June quarter of this fiscal as against Rs 1,540.97 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 74.33 per cent to Rs 337.71 crore from Rs 1,315.48 crore in year ago period.
Other Income dipped by 24.33 per cent at Rs 9.55 crore versus (Jun'24 Rs 12.62 crore).
Operating Profit slipped by 160.22 per cent to Rs -135.78 crore as against Rs 225.49 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 559.60 per cent in June quarter.
Interest grew by 39.82 per cent y-o-y to Rs 74.69 crore, while Taxation decreased by 331.22 per cent at Rs -103.47 crore (Jun'24 Rs 44.75 crore).