The company reported standalone net loss during the quarter stood at Rs 54.88 crore compared to net profit of Rs 95.23 crore in the previous year quarter.ÿ

Net revenue of the company rose by 0.07 per cent at Rs 1,104.93 crore in January-March quarter of this fiscal as against Rs 1,104.11 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 4.21 per cent to Rs 1,008.67 crore from Rs 967.93 crore in year ago period.

Other Income dipped by 28.31 per cent at Rs 17.40 crore versus (Mar'24 Rs 24.27 crore).

Operating Profit slipped by 29.31 per cent to Rs 96.26 crore as against Rs 136.18 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 29.36 per cent in March quarter.

Interest declined by 18.00 per cent y-o-y to Rs 1.64 crore, while Taxation decreased by 18.49 per cent at Rs 25.62 crore (Mar'24 Rs 31.43 crore).