The company reported standalone net loss during the quarter stood at Rs 2.03 crore compared to net profit of Rs 16.52 crore in the previous year quarter.ÿ

Net revenue of the company declined by 5.41 per cent at Rs 643.56 crore in January-March quarter of this fiscal as against Rs 680.34 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 2.53 per cent to Rs 637.95 crore from Rs 654.50 crore in year ago period.

Other Income dipped by 89.42 per cent at Rs 0.76 crore versus (Mar'24 Rs 7.18 crore).

Operating Profit slipped by 78.34 per cent to Rs 5.60 crore as against Rs 25.85 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 77.11 per cent in March quarter.

Interest declined by 30.45 per cent y-o-y to Rs 6.60 crore, while Taxation decreased by 96.31 per cent at Rs 0.16 crore (Mar'24 Rs 4.34 crore).