The company reported standalone net loss during the quarter stood at Rs 28.78 crore as compared to net loss of Rs 14.83 crore in the previous year quarter.

Net revenue of the company declined moderately by 12.93 per cent at Rs 123.25 crore in January-March quarter of this fiscal as against Rs 141.55 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 12.48 per cent to Rs 137.54 crore from Rs 157.15 crore in year ago period.

Other Income grew by 30.88 per cent at Rs 1.78 crore versus (Mar'22 Rs 1.36 crore).

Operating Profit slipped by 17.05 per cent to Rs -12.94 crore as against Rs -15.60 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4.72 per cent in March quarter.

Interest grew by 32.69 per cent y-o-y to Rs 2.76 crore, while Taxation increased by 337.30 per cent at Rs 11.58 crore (Mar'22 Rs -4.88 crore).