The company reported standalone net loss during the quarter stood at Rs 59.93 crore as compared to net loss of Rs 8.97 crore in the previous year quarter.

Net revenue of the company declined substantially by 53.35 per cent at Rs 1,392.85 crore in April-June quarter of this fiscal as against Rs 2,985.99 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 51.85 per cent to Rs 1,213.43 crore from Rs 2,520.19 crore in year ago period.

Other Income grew by 43.22 per cent at Rs 63.66 crore versus (Jun'24 Rs 44.45 crore).

Operating Profit slipped by 61.48 per cent to Rs 179.42 crore as against Rs 465.80 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 17.44 per cent in June quarter.

Interest declined by 57.34 per cent y-o-y to Rs 76.51 crore, while Taxation increased by 522.44 per cent at Rs -19.42 crore (Jun'24 Rs -3.12 crore).