The company reported standalone net loss during the quarter stood at Rs 33.82 crore as compared to net loss of Rs 23.75 crore in the previous year quarter.
Net revenue of the company declined substantially by 85.96 per cent at Rs 25.53 crore in April-June quarter of this fiscal as against Rs 181.87 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 63.29 per cent to Rs 82.48 crore from Rs 224.68 crore in year ago period.
Other Income grew by 67.80 per cent at Rs 32.99 crore versus (Jun'24 Rs 19.66 crore).
Operating Profit surged by 33.03 per cent to Rs -56.95 crore as against Rs -42.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 847.62 per cent in June quarter.
Interest grew by 114.62 per cent y-o-y to Rs 12.92 crore, while Taxation decreased by 6.28 per cent at Rs -9.10 crore (Jun'24 Rs -9.71 crore).