The company reported standalone net loss during the quarter stood at Rs 0.33 crore compared to net profit of Rs 16.51 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 41.95 per cent at Rs 168.85 crore in April-June quarter of this fiscal as against Rs 290.88 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 35.25 per cent to Rs 170.59 crore from Rs 263.46 crore in year ago period.

Other Income grew by 312.50 per cent at Rs 3.96 crore versus (Jun'24 Rs 0.96 crore).

Operating Profit slipped by 106.35 per cent to Rs -1.74 crore as against Rs 27.42 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 110.92 per cent in June quarter.

Interest declined by 82.93 per cent y-o-y to Rs 0.63 crore, while Taxation decreased by 108.57 per cent at Rs -0.43 crore (Jun'24 Rs 5.02 crore).