The company reported standalone net loss during the quarter stood at Rs 15.22 crore as compared to net loss of Rs 335.34 crore in the previous year quarter.
Net revenue of the company declined substantially by 77.36 per cent at Rs 22.68 crore in January-March quarter of this fiscal as against Rs 100.16 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 79.22 per cent to Rs 93.65 crore from Rs 450.63 crore in year ago period.
Other Income grew by 87.27 per cent at Rs 49.89 crore versus (Mar'24 Rs 26.64 crore).
Operating Profit slipped by 79.75 per cent to Rs -70.97 crore as against Rs -350.47 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 10.57 per cent in March quarter.
Interest declined by 51.19 per cent y-o-y to Rs 2.46 crore, while Taxation decreased by 231.60 per cent at Rs -8.37 crore (Mar'24 Rs 6.36 crore).