The company reported standalone net loss during the quarter stood at Rs 25.24 crore compared to net profit of Rs 24.48 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 44.53 per cent at Rs 62.65 crore in January-March quarter of this fiscal as against Rs 112.94 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 25.25 per cent to Rs 60.88 crore from Rs 81.44 crore in year ago period.

Other Income grew by 119.69 per cent at Rs 7.14 crore versus (Mar'24 Rs 3.25 crore).

Operating Profit slipped by 94.38 per cent to Rs 1.77 crore as against Rs 31.50 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 89.85 per cent in March quarter.

Interest grew by 49.51 per cent y-o-y to Rs 13.83 crore, while Taxation increased by 0.00 per cent at Rs 8.82 crore (Mar'24 Rs 0.00 crore).