The company reported standalone net loss during the quarter stood at Rs 92.25 crore as compared to net loss of Rs 35.62 crore in the previous year quarter.

Net revenue of the company declined substantially by 36.89 per cent at Rs 434.43 crore in April-June quarter of this fiscal as against Rs 688.32 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 27.30 per cent to Rs 386.51 crore from Rs 531.63 crore in year ago period.

Other Income dipped by 39.32 per cent at Rs 11.14 crore versus (Jun'24 Rs 18.36 crore).

Operating Profit slipped by 69.42 per cent to Rs 47.92 crore as against Rs 156.69 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 51.54 per cent in June quarter.

Interest declined by 33.36 per cent y-o-y to Rs 148.89 crore