The company reported standalone net loss during the quarter stood at Rs 56.62 crore compared to net profit of Rs 342.60 crore in the previous year quarter.ÿ

Net revenue of the company declined moderately by 13.35 per cent at Rs 14,812.10 crore in April-June quarter of this fiscal as against Rs 17,094.98 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 10.46 per cent to Rs 14,713.50 crore from Rs 16,431.50 crore in year ago period.

Other Income grew by 125.06 per cent at Rs 9.25 crore versus (Jun'24 Rs 4.11 crore).

Operating Profit slipped by 85.14 per cent to Rs 98.60 crore as against Rs 663.48 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 82.73 per cent in June quarter.

Interest declined by 22.32 per cent y-o-y to Rs 37.04 crore, while Taxation decreased by 118.48 per cent at Rs -23.48 crore (Jun'24 Rs 127.04 crore).