The company reported standalone net loss during the quarter stood at Rs 5.26 crore compared to net profit of Rs 9.74 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 50.27 per cent at Rs 72.83 crore in April-June quarter of this fiscal as against Rs 146.46 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 38.22 per cent to Rs 82.06 crore from Rs 132.82 crore in year ago period.

Other Income grew by 9.68 per cent at Rs 4.08 crore versus (Jun'24 Rs 3.72 crore).

Operating Profit slipped by 167.67 per cent to Rs -9.23 crore as against Rs 13.64 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 236.20 per cent in June quarter.

Interest declined by 85.33 per cent y-o-y to Rs 0.22 crore, while Taxation decreased by 144.21 per cent at Rs -1.87 crore (Jun'24 Rs 4.23 crore).