The company reported standalone net loss during the quarter stood at Rs 37.79 crore as compared to net loss of Rs 50.72 crore in the previous year quarter.

Net revenue of the company declined substantially by 38.30 per cent at Rs 90.92 crore in April-June quarter of this fiscal as against Rs 147.35 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 32.40 per cent to Rs 132.66 crore from Rs 196.24 crore in year ago period.

Other Income grew by 60.73 per cent at Rs 17.15 crore versus (Jun'24 Rs 10.67 crore).

Operating Profit slipped by 14.63 per cent to Rs -41.72 crore as against Rs -48.87 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 38.35 per cent in June quarter.

Interest grew by 54.89 per cent y-o-y to Rs 3.64 crore, while Taxation decreased by 133.49 per cent at Rs -0.70 crore (Jun'24 Rs 2.09 crore).