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The company reported standalone net loss during the quarter stood at Rs 15.68 crore compared to net profit of Rs 0.17 crore in the previous year quarter.
Net revenue of the company declined substantially by 26.59 per cent at Rs 75.50 crore in October-December quarter of this fiscal as against Rs 102.85 crore in the corresponding period last year. During October-December quarter, operating expenses dropped by 21.22 per cent to Rs 79.95 crore from Rs 101.49 crore in year ago period. Other Income grew by 787.50 per cent at Rs 2.75 crore versus (Dec'18 Rs -0.40 crore).
Operating Profit slipped by 424.82 per cent to Rs -4.45 crore as against Rs 1.37 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 542.86 per cent in December quarter. Interest declined by 0.96 per cent y-o-y to Rs 14.48 crore