The company reported standalone net loss during the quarter stood at Rs 22.45 crore as compared to net loss of Rs 24.89 crore in the previous year quarter. Net revenue of the company rose substantially by 25.80 per cent at Rs 24.04 crore in July-September quarter of this fiscal as against Rs 19.11 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 6.23 per cent to Rs 7.84 crore from Rs 7.38 crore in year ago period. Other Income grew by 1247.06 per cent at Rs 1.95 crore versus (Sep'16 Rs -0.17 crore). Operating Profit surged by 38.11 per cent to Rs 16.20 crore as against Rs 11.73 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 9.78 per cent in September quarter. Interest grew by 20.32 per cent y-o-y to Rs 41.86 crore