The company reported standalone net loss during the quarter stood at Rs 12.34 crore compared to net profit of Rs 18.76 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 53.19 per cent at Rs 106.34 crore in January-March quarter of this fiscal as against Rs 227.18 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 46.86 per cent to Rs 110.19 crore from Rs 207.36 crore in year ago period.

Other Income dipped by 22.27 per cent at Rs 1.71 crore versus (Mar'23 Rs 2.20 crore).

Operating Profit slipped by 119.42 per cent to Rs -3.85 crore as against Rs 19.82 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 141.51 per cent in March quarter.

Interest grew by 28.49 per cent y-o-y to Rs 6.45 crore