The company reported standalone net loss during the quarter stood at Rs 29.21 crore as compared to net loss of Rs 36.57 crore in the previous year quarter.

Net revenue of the company declined substantially by 21.23 per cent at Rs 103.85 crore in January-March quarter of this fiscal as against Rs 131.84 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 29.38 per cent to Rs 128.41 crore from Rs 181.83 crore in year ago period.

Other Income dipped by 90.74 per cent at Rs 0.98 crore versus (Mar'25 Rs 10.58 crore).

Operating Profit slipped by 50.87 per cent to Rs -24.56 crore as against Rs -49.99 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 37.63 per cent in March quarter.

Interest declined by 53.25 per cent y-o-y to Rs 0.72 crore, while Taxation increased by 113.11 per cent at Rs 0.48 crore (Mar'25 Rs -3.66 crore).