The company reported standalone net loss during the quarter stood at Rs 0.35 crore compared to net profit of Rs 3.17 crore in the previous year quarter.ÿ

Net revenue of the company declined moderately by 19.84 per cent at Rs 87.21 crore in April-June quarter of this fiscal as against Rs 108.79 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 14.88 per cent to Rs 87.44 crore from Rs 102.72 crore in year ago period.

Other Income dipped by 66.67 per cent at Rs 0.01 crore versus (Jun'24 Rs 0.03 crore).

Operating Profit slipped by 103.78 per cent to Rs -0.23 crore as against Rs 6.08 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 104.65 per cent in June quarter.

Interest declined by 89.12 per cent y-o-y to Rs 0.26 crore, while Taxation decreased by 260.00 per cent at Rs -0.16 crore (Jun'24 Rs 0.10 crore).