The company reported standalone net loss during the quarter stood at Rs 75.89 crore compared to net profit of Rs 6.50 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 63.92 per cent at Rs 155.21 crore in January-March quarter of this fiscal as against Rs 430.20 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 54.71 per cent to Rs 201.47 crore from Rs 444.89 crore in year ago period.
Other Income dipped by 75.15 per cent at Rs 17.18 crore versus (Mar'24 Rs 69.14 crore).
Operating Profit surged by 214.91 per cent to Rs -46.26 crore as against Rs -14.69 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 773.90 per cent in March quarter.
Interest grew by 8.65 per cent y-o-y to Rs 63.45 crore, while Taxation increased by 47.53 per cent at Rs -19.68 crore (Mar'24 Rs -13.34 crore).