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The company reported standalone net loss during the quarter stood at Rs 38.79 crore compared to net profit of Rs 7.64 crore in the previous year quarter. Net revenue of the company declined substantially by 74.71 per cent at Rs 12.66 crore in April-June quarter of this fiscal as against Rs 50.05 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 27.77 per cent to Rs 19.12 crore from Rs 26.47 crore in year ago period. Other Income grew by 81.82 per cent at Rs 0.80 crore versus (Jun'18 Rs 0.44 crore).
Operating Profit slipped by 127.38 per cent to Rs -6.46 crore as against Rs 23.59 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 208.26 per cent in June quarter. Interest grew by 187.77 per cent y-o-y to Rs 13.41 crore, while Taxation decreased by 89.18 per cent at Rs 0.42 crore (Jun'18 Rs 3.88 crore).