The company reported standalone net loss during the quarter stood at Rs 271.97 crore compared to net profit of Rs 65.57 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 25.34 per cent at Rs 17,356.23 crore in April-June quarter of this fiscal as against Rs 23,247.02 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 24.14 per cent to Rs 17,176.64 crore from Rs 22,641.40 crore in year ago period.

Other Income dipped by 14.98 per cent at Rs 38.03 crore versus (Jun'24 Rs 44.73 crore).

Operating Profit slipped by 70.35 per cent to Rs 179.59 crore as against Rs 605.62 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 60.54 per cent in June quarter.

Interest grew by 19.91 per cent y-o-y to Rs 257.18 crore, while Taxation decreased by 473.45 per cent at Rs -130.93 crore (Jun'24 Rs 35.06 crore).