The company reported standalone net loss during the quarter stood at Rs 16.10 crore as compared to net loss of Rs 0.99 crore in the previous year quarter.

Net revenue of the company declined substantially by 22.26 per cent at Rs 119.53 crore in January-March quarter of this fiscal as against Rs 153.75 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 19.17 per cent to Rs 114.00 crore from Rs 141.04 crore in year ago period.

Other Income dipped by 61.58 per cent at Rs 0.78 crore versus (Mar'24 Rs 2.03 crore).

Operating Profit slipped by 56.57 per cent to Rs 5.52 crore as against Rs 12.71 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 44.14 per cent in March quarter.

Interest grew by 55.69 per cent y-o-y to Rs 10.40 crore, while Taxation increased by 1266.67 per cent at Rs 0.41 crore (Mar'24 Rs 0.03 crore).