The company reported standalone net loss during the quarter stood at Rs 604.90 crore as compared to net loss of Rs 69.74 crore in the previous year quarter.
Net revenue of the company rose marginally by 1.84 per cent at Rs 20.49 crore in January-March quarter of this fiscal as against Rs 20.12 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 670.59 per cent to Rs 620.02 crore from Rs 80.46 crore in year ago period.
Other Income grew by 31.83 per cent at Rs 5.55 crore versus (Mar'23 Rs 4.21 crore).
Operating Profit surged by 893.59 per cent to Rs -599.53 crore as against Rs -60.34 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 875.63 per cent in March quarter.
Interest declined by 28.43 per cent y-o-y to Rs 8.96 crore, while Taxation increased by 558.62 per cent at Rs 1.33 crore (Mar'23 Rs -0.29 crore).