The company reported standalone net loss during the quarter stood at Rs 20.40 crore compared to net profit of Rs 11.79 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 77.28 per cent at Rs 23.77 crore in January-March quarter of this fiscal as against Rs 104.60 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 52.60 per cent to Rs 41.42 crore from Rs 87.39 crore in year ago period.
Other Income dipped by 16.23 per cent at Rs 4.49 crore versus (Mar'24 Rs 5.36 crore).
Operating Profit slipped by 202.56 per cent to Rs -17.65 crore as against Rs 17.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 551.25 per cent in March quarter.
Interest declined by 13.79 per cent y-o-y to Rs 0.25 crore, while Taxation decreased by 121.63 per cent at Rs -1.01 crore (Mar'24 Rs 4.67 crore).