The company reported standalone net loss during the quarter stood at Rs 235.08 crore compared to net profit of Rs 149.96 crore in the previous year quarter.
Net revenue of the company declined substantially by 34.77 per cent at Rs 1,106.06 crore in April-June quarter of this fiscal as against Rs 1,695.52 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 28.00 per cent to Rs 1,195.62 crore from Rs 1,660.55 crore in year ago period.
Other Income dipped by 77.27 per cent at Rs 84.50 crore versus (Jun'24 Rs 371.69 crore).
Operating Profit slipped by 356.13 per cent to Rs -89.57 crore as against Rs 34.97 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 493.20 per cent in June quarter.
Interest declined by 28.15 per cent y-o-y to Rs 62.40 crore