The company reported standalone net loss during the quarter stood at Rs 1151.33 crore as compared to net loss of Rs 647.05 crore in the previous year quarter.
Net revenue of the company declined substantially by 74.81 per cent at Rs 18.32 crore in January-March quarter of this fiscal as against Rs 72.73 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 361.59 per cent to Rs 593.38 crore from Rs 128.55 crore in year ago period.
Other Income grew by 4803.16 per cent at Rs 46.58 crore versus (Mar'23 Rs 0.95 crore).
Operating Profit surged by 926.50 per cent to Rs -572.99 crore as against Rs -55.82 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3976.25 per cent in March quarter.
Interest grew by 13.19 per cent y-o-y to Rs 239.44 crore, while Taxation increased by 2930.81 per cent at Rs 384.99 crore (Mar'23 Rs -13.60 crore).