The company reported standalone net loss during the quarter stood at Rs 11.78 crore compared to net profit of Rs 11.60 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 50.27 per cent at Rs 47.43 crore in April-June quarter of this fiscal as against Rs 95.37 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 49.88 per cent to Rs 39.28 crore from Rs 78.37 crore in year ago period.

Other Income dipped by 46.39 per cent at Rs 39.29 crore versus (Jun'24 Rs 73.29 crore).

Operating Profit slipped by 52.06 per cent to Rs 8.15 crore as against Rs 17.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.65 per cent in June quarter.

Interest declined by 17.46 per cent y-o-y to Rs 57.94 crore, while Taxation decreased by 189.57 per cent at Rs -3.78 crore (Jun'24 Rs 4.22 crore).