The company reported standalone net loss during the quarter stood at Rs 28.10 crore as compared to net loss of Rs 0.32 crore in the previous year quarter.

Net revenue of the company rose moderately by 13.64 per cent at Rs 83.32 crore in January-March quarter of this fiscal as against Rs 73.32 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 44.49 per cent to Rs 107.69 crore from Rs 74.53 crore in year ago period.

Other Income dipped by 49.38 per cent at Rs 1.62 crore versus (Mar'24 Rs 3.20 crore).

Operating Profit surged by 1819.83 per cent to Rs -23.23 crore as against Rs -1.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1579.52 per cent in March quarter.

Interest declined by 50.98 per cent y-o-y to Rs 2.50 crore, while Taxation increased by 73.27 per cent at Rs -9.79 crore (Mar'24 Rs -5.65 crore).