The company reported standalone net loss during the quarter stood at Rs 42.77 crore as compared to net loss of Rs 87.13 crore in the previous year quarter.

Net revenue of the company declined substantially by 53.02 per cent at Rs 48.47 crore in January-March quarter of this fiscal as against Rs 103.18 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 43.92 per cent to Rs 126.42 crore from Rs 225.42 crore in year ago period.

Other Income grew by 28.00 per cent at Rs 16.32 crore versus (Mar'25 Rs 12.75 crore).

Operating Profit slipped by 36.23 per cent to Rs -77.95 crore as against Rs -122.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 35.76 per cent in March quarter.

Interest declined by 41.80 per cent y-o-y to Rs 0.71 crore, while Taxation decreased by 17.91 per cent at Rs -19.99 crore (Mar'25 Rs -24.35 crore).