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The company reported standalone net loss during the quarter stood at Rs 22.15 crore as compared to net loss of Rs 31.95 crore in the previous year quarter. Net revenue of the company rose moderately by 13.98 per cent at Rs 3.18 crore in October-December quarter of this fiscal as against Rs 2.79 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 5.51 per cent to Rs 32.18 crore from Rs 30.50 crore in year ago period. Other Income dipped by 19.52 per cent at Rs 3.01 crore versus (Dec'18 Rs 3.74 crore).
Operating Profit surged by 4.66 per cent to Rs -29.00 crore as against Rs -27.71 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.27 per cent in December quarter. Interest grew by 40.65 per cent y-o-y to Rs 3.46 crore, while Taxation decreased by 48.25 per cent at Rs -9.30 crore (Dec'18 Rs -17.97 crore).