The company reported standalone net loss during the quarter stood at Rs 4.37 crore compared to net profit of Rs 7.35 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 63.33 per cent at Rs 79.58 crore in July-September quarter of this fiscal as against Rs 217.01 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 61.93 per cent to Rs 78.77 crore from Rs 206.89 crore in year ago period.

Other Income dipped by 23.40 per cent at Rs 0.36 crore versus (Sep'22 Rs 0.47 crore).

Operating Profit slipped by 92.00 per cent to Rs 0.81 crore as against Rs 10.12 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 78.11 per cent in September quarter.

Interest grew by 61.09 per cent y-o-y to Rs 5.01 crore, while Taxation increased by 390.91 per cent at Rs 0.32 crore (Sep'22 Rs -0.11 crore).