The company reported standalone net loss during the quarter stood at Rs 151.90 crore as compared to net loss of Rs 535.42 crore in the previous year quarter. Net revenue of the company declined substantially by 93.39 per cent at Rs 10.00 crore in April-June quarter of this fiscal as against Rs 151.38 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 87.79 per cent to Rs 72.35 crore from Rs 592.58 crore in year ago period. Other Income dipped by 82.92 per cent at Rs 0.41 crore versus (Jun'19 Rs 2.40 crore).
Operating Profit slipped by 85.87 per cent to Rs -62.35 crore as against Rs -441.20 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 113.93 per cent in June quarter. Interest grew by 17.47 per cent y-o-y to Rs 117.01 crore, while Taxation decreased by 76.73 per cent at Rs -57.91 crore (Jun'19 Rs -248.84 crore).