The company reported standalone net loss during the quarter stood at Rs 18.27 crore compared to net profit of Rs 274.69 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 86.10 per cent at Rs 11.11 crore in April-June quarter of this fiscal as against Rs 79.95 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 86.14 per cent to Rs 22.22 crore from Rs 160.26 crore in year ago period.
Other Income dipped by 99.17 per cent at Rs 1.38 crore versus (Jun'24 Rs 166.73 crore).
Operating Profit slipped by 86.17 per cent to Rs -11.11 crore as against Rs -80.31 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.49 per cent in June quarter.
Interest grew by 28.51 per cent y-o-y to Rs 6.49 crore, while Taxation decreased by 102.32 per cent at Rs -3.99 crore (Jun'24 Rs 172.15 crore).