The company reported standalone net loss during the quarter stood at Rs 12.48 crore as compared to net loss of Rs 4.33 crore in the previous year quarter. Net revenue of the company declined substantially by 91.42 per cent at Rs 3.73 crore in April-June quarter of this fiscal as against Rs 43.45 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 87.67 per cent to Rs 4.26 crore from Rs 34.55 crore in year ago period.
Operating Profit slipped by 105.84 per cent to Rs -0.52 crore as against Rs 8.90 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 168.57 per cent in June quarter. Interest declined by 9.20 per cent y-o-y to Rs 7.01 crore, while Taxation decreased by 28.89 per cent at Rs 0.96 crore (Jun'19 Rs 1.35 crore).