The company reported standalone net loss during the quarter stood at Rs 16.87 crore as compared to net loss of Rs 29.82 crore in the previous year quarter. Net revenue of the company declined moderately by 12.82 per cent at Rs 37.54 crore in January-March quarter of this fiscal as against Rs 43.06 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 22.47 per cent to Rs 51.51 crore from Rs 42.06 crore in year ago period. Other Income grew by 42.57 per cent at Rs 1.44 crore versus (Mar'19 Rs 1.01 crore).
Operating Profit slipped by 1497.00 per cent to Rs -13.97 crore as against Rs 1.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1703.88 per cent in March quarter. Interest grew by 1850.00 per cent y-o-y to Rs 0.78 crore