The company reported standalone net loss during the quarter stood at Rs 31.76 crore compared to net profit of Rs 106.98 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 87.80 per cent at Rs 61.99 crore in April-June quarter of this fiscal as against Rs 508.11 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 74.75 per cent to Rs 92.20 crore from Rs 365.16 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.48 crore versus (Jun'22 Rs 0.48 crore).
Operating Profit slipped by 121.13 per cent to Rs -30.21 crore as against Rs 142.95 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 273.27 per cent in June quarter.
Interest grew by 303.57 per cent y-o-y to Rs 1.13 crore, while Taxation decreased by 99.46 per cent at Rs 0.19 crore (Jun'22 Rs 35.49 crore).