The company reported standalone net loss during the quarter stood at Rs 169.44 crore as compared to net loss of Rs 190.41 crore in the previous year quarter.

Net revenue of the company declined moderately by 18.35 per cent at Rs 127.89 crore in January-March quarter of this fiscal as against Rs 156.63 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 20.61 per cent to Rs 250.21 crore from Rs 315.17 crore in year ago period.

Other Income dipped by 65.93 per cent at Rs 0.77 crore versus (Mar'24 Rs 2.26 crore).

Operating Profit slipped by 22.85 per cent to Rs -122.32 crore as against Rs -158.54 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.51 per cent in March quarter.

Interest grew by 31.02 per cent y-o-y to Rs 65.18 crore, while Taxation increased by 5.38 per cent at Rs -30.14 crore (Mar'24 Rs -28.60 crore).