The company reported standalone net loss during the quarter stood at Rs 253.16 crore as compared to net loss of Rs 6.08 crore in the previous year quarter.

Net revenue of the company rose by 0.72 per cent at Rs 1,003.62 crore in January-March quarter of this fiscal as against Rs 996.44 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 4.84 per cent to Rs 923.29 crore from Rs 880.64 crore in year ago period.

Other Income dipped by 26.14 per cent at Rs 11.33 crore versus (Mar'23 Rs 15.34 crore).

Operating Profit slipped by 30.63 per cent to Rs 80.33 crore as against Rs 115.80 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 31.15 per cent in March quarter.

Interest grew by 2.25 per cent y-o-y to Rs 118.32 crore, while Taxation increased by 13056.70 per cent at Rs 127.62 crore (Mar'23 Rs 0.97 crore).