The company reported standalone net loss during the quarter stood at Rs 10.98 crore as compared to net loss of Rs 63.86 crore in the previous year quarter.

Net revenue of the company declined substantially by 46.52 per cent at Rs 60.58 crore in January-March quarter of this fiscal as against Rs 113.28 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 46.39 per cent to Rs 88.42 crore from Rs 164.93 crore in year ago period.

Other Income grew by 41.30 per cent at Rs 2.60 crore versus (Mar'24 Rs 1.84 crore).

Operating Profit slipped by 46.10 per cent to Rs -27.84 crore as against Rs -51.65 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 0.81 per cent in March quarter.

Interest declined by 63.61 per cent y-o-y to Rs 8.61 crore, while Taxation decreased by 45.55 per cent at Rs -12.90 crore (Mar'24 Rs -23.69 crore).