The company reported standalone net loss during the quarter stood at Rs 15.25 crore compared to net profit of Rs 43.93 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 48.48 per cent at Rs 143.45 crore in January-March quarter of this fiscal as against Rs 278.46 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 27.38 per cent to Rs 159.87 crore from Rs 220.14 crore in year ago period.
Other Income dipped by 2.23 per cent at Rs 6.59 crore versus (Mar'24 Rs 6.74 crore).
Operating Profit slipped by 128.16 per cent to Rs -16.42 crore as against Rs 58.32 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 154.63 per cent in March quarter.
Interest grew by 14.29 per cent y-o-y to Rs 2.48 crore, while Taxation decreased by 126.28 per cent at Rs -4.01 crore (Mar'24 Rs 15.26 crore).