The company reported standalone net loss during the quarter stood at Rs 20.50 crore as compared to net loss of Rs 39.91 crore in the previous year quarter.
Net revenue of the company declined substantially by 20.64 per cent at Rs 51.19 crore in April-June quarter of this fiscal as against Rs 64.50 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 21.98 per cent to Rs 70.62 crore from Rs 90.52 crore in year ago period.
Other Income grew by 41.48 per cent at Rs 9.55 crore versus (Jun'24 Rs 6.75 crore).
Operating Profit slipped by 25.33 per cent to Rs -19.43 crore as against Rs -26.02 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.90 per cent in June quarter.
Interest declined by 36.64 per cent y-o-y to Rs 14.13 crore, while Taxation increased by 36.02 per cent at Rs -6.76 crore (Jun'24 Rs -4.97 crore).