The company reported standalone net loss during the quarter stood at Rs 20.96 crore as compared to net loss of Rs 21.28 crore in the previous year quarter. Net revenue of the company declined substantially by 47.98 per cent at Rs 44.52 crore in January-March quarter of this fiscal as against Rs 85.59 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 34.75 per cent to Rs 57.03 crore from Rs 87.40 crore in year ago period. Other Income grew by 306.67 per cent at Rs 1.22 crore versus (Mar'19 Rs 0.30 crore).
Operating Profit surged by 591.16 per cent to Rs -12.51 crore as against Rs -1.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1225.47 per cent in March quarter. Interest grew by 0.00 per cent y-o-y to Rs 0.22 crore, while Taxation decreased by 105.55 per cent at Rs -0.58 crore (Mar'19 Rs 10.45 crore).