The company reported standalone net loss during the quarter stood at Rs 13.15 crore as compared to net loss of Rs 15.87 crore in the previous year quarter. Net revenue of the company declined substantially by 40.85 per cent at Rs 29.71 crore in January-March quarter of this fiscal as against Rs 50.23 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 13.48 per cent to Rs 30.17 crore from Rs 34.87 crore in year ago period. Other Income grew by 178.22 per cent at Rs 0.79 crore versus (Mar'19 Rs -1.01 crore).
Operating Profit slipped by 102.93 per cent to Rs -0.45 crore as against Rs 15.35 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 105.00 per cent in March quarter. Interest declined by 87.23 per cent y-o-y to Rs 0.18 crore, while Taxation decreased by 194.89 per cent at Rs -4.64 crore (Mar'19 Rs 4.89 crore).