The company reported standalone net loss during the quarter stood at Rs 72.59 crore compared to net profit of Rs 115.44 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 38.84 per cent at Rs 757.19 crore in January-March quarter of this fiscal as against Rs 1,238.04 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 23.93 per cent to Rs 800.15 crore from Rs 1,051.86 crore in year ago period.

Other Income grew by 18.94 per cent at Rs 15.76 crore versus (Mar'24 Rs 13.25 crore).

Operating Profit slipped by 123.07 per cent to Rs -42.96 crore as against Rs 186.18 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 137.70 per cent in March quarter.

Interest grew by 38.28 per cent y-o-y to Rs 42.52 crore, while Taxation decreased by 153.31 per cent at Rs -20.21 crore (Mar'24 Rs 37.91 crore).