The company reported standalone net loss during the quarter stood at Rs 13.84 crore as compared to net loss of Rs 7.44 crore in the previous year quarter. Net revenue of the company declined substantially by 21.50 per cent at Rs 36.55 crore in January-March quarter of this fiscal as against Rs 46.56 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 20.35 per cent to Rs 36.64 crore from Rs 46.00 crore in year ago period. Other Income grew by 560.61 per cent at Rs 2.18 crore versus (Mar'19 Rs 0.33 crore).
Operating Profit slipped by 116.07 per cent to Rs -0.09 crore as against Rs 0.56 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 121.49 per cent in March quarter. Interest grew by 89.55 per cent y-o-y to Rs 14.88 crore