The company reported standalone net loss during the quarter stood at Rs 1094.37 crore compared to net profit of Rs 110.36 crore in the previous year quarter.ÿ

Net revenue of the company rose marginally by 1.49 per cent at Rs 913.96 crore in January-March quarter of this fiscal as against Rs 900.58 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 5.23 per cent to Rs 718.20 crore from Rs 682.53 crore in year ago period.

Other Income dipped by 4.56 per cent at Rs 90.20 crore versus (Mar'23 Rs 94.51 crore).

Operating Profit slipped by 10.22 per cent to Rs 195.76 crore as against Rs 218.05 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.52 per cent in March quarter.

Interest declined by 3.50 per cent y-o-y to Rs 125.09 crore, while Taxation decreased by 348.94 per cent at Rs -50.71 crore (Mar'23 Rs 20.37 crore).