The company reported standalone net loss during the quarter stood at Rs 1.88 crore compared to net profit of Rs 26.82 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 77.82 per cent at Rs 30.03 crore in April-June quarter of this fiscal as against Rs 135.42 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 76.24 per cent to Rs 25.77 crore from Rs 108.46 crore in year ago period.

Other Income grew by 65.48 per cent at Rs 3.26 crore versus (Jun'23 Rs 1.97 crore).

Operating Profit slipped by 84.20 per cent to Rs 4.26 crore as against Rs 26.96 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 28.73 per cent in June quarter.

Interest declined by 22.36 per cent y-o-y to Rs 8.37 crore