The company reported standalone net loss during the quarter stood at Rs 13.83 crore compared to net profit of Rs 28.14 crore in the previous year quarter.ÿ
Net revenue of the company declined moderately by 16.52 per cent at Rs 445.50 crore in April-June quarter of this fiscal as against Rs 533.64 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 7.74 per cent to Rs 445.73 crore from Rs 483.12 crore in year ago period.
Other Income grew by 90.00 per cent at Rs 7.03 crore versus (Jun'24 Rs 3.70 crore).
Operating Profit slipped by 100.46 per cent to Rs -0.23 crore as against Rs 50.52 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 100.53 per cent in June quarter.
Interest grew by 113.84 per cent y-o-y to Rs 16.38 crore, while Taxation decreased by 143.76 per cent at Rs -4.35 crore (Jun'24 Rs 9.94 crore).