The company reported standalone net loss during the quarter stood at Rs 115.52 crore compared to net profit of Rs 0.57 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 78.47 per cent at Rs 18.68 crore in April-June quarter of this fiscal as against Rs 86.78 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 55.29 per cent to Rs 133.95 crore from Rs 86.26 crore in year ago period.

Other Income dipped by 41.07 per cent at Rs 0.66 crore versus (Jun'24 Rs 1.12 crore).

Operating Profit slipped by 22267.31 per cent to Rs -115.27 crore as against Rs 0.52 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 102935.00 per cent in June quarter.

Interest declined by 28.89 per cent y-o-y to Rs 0.32 crore, while Taxation decreased by 5.26 per cent at Rs 0.36 crore (Jun'24 Rs 0.38 crore).