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The company reported standalone net loss during the quarter stood at Rs 30.74 crore as compared to net loss of Rs 6.42 crore in the previous year quarter. Net revenue of the company declined substantially by 45.19 per cent at Rs 13.44 crore in July-September quarter of this fiscal as against Rs 24.52 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 52.92 per cent to Rs 9.35 crore from Rs 19.86 crore in year ago period. Other Income dipped by 58.33 per cent at Rs 0.05 crore versus (Sep'18 Rs 0.12 crore).
Operating Profit slipped by 12.23 per cent to Rs 4.09 crore as against Rs 4.66 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 60.24 per cent in September quarter. Interest grew by 11.83 per cent y-o-y to Rs 19.57 crore, while Taxation increased by 70.15 per cent at Rs -22.29 crore (Sep'18 Rs -13.10 crore).