The company reported standalone net loss during the quarter stood at Rs 6.54 crore compared to net profit of Rs 9.36 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 25.90 per cent at Rs 132.07 crore in January-March quarter of this fiscal as against Rs 178.24 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 16.77 per cent to Rs 136.97 crore from Rs 164.57 crore in year ago period.

Other Income dipped by 65.69 per cent at Rs 1.88 crore versus (Mar'24 Rs 5.48 crore).

Operating Profit slipped by 134.41 per cent to Rs -4.78 crore as against Rs 13.89 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 146.47 per cent in March quarter.

Interest declined by 10.94 per cent y-o-y to Rs 4.56 crore, while Taxation decreased by 138.82 per cent at Rs -1.65 crore (Mar'24 Rs 4.25 crore).