The company reported standalone net loss during the quarter stood at Rs 118.22 crore as compared to net loss of Rs 7.10 crore in the previous year quarter. Net revenue of the company declined substantially by 90.17 per cent at Rs 28.47 crore in April-June quarter of this fiscal as against Rs 289.63 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 42.60 per cent to Rs 153.87 crore from Rs 268.08 crore in year ago period. Other Income dipped by 25.37 per cent at Rs 9.97 crore versus (Jun'19 Rs 13.36 crore).
Operating Profit slipped by 681.90 per cent to Rs -125.40 crore as against Rs 21.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6020.16 per cent in June quarter. Interest declined by 8.58 per cent y-o-y to Rs 11.08 crore, while Taxation increased by 845.06 per cent at Rs -39.22 crore (Jun'19 Rs -4.15 crore).